California Releases $20 Million in Hybrid Funding

The California Air Resources Board has launched a $20 million funding assistance program designed to stimulate the purchase of hybrid trucks and buses that reduce diesel emissions.

The Hybrid Truck and Bus Voucher Incentive Project is intended to offset up to half of the incremental cost of eligible hybrid medium- and heavy-duty vehicles with first-come, first-serve grants.

Funding incentives range from $10,000 to $45,000 and each vehicle purchaser is limited to a maximum of 100 vouchers.

CARB officials said the grants will help commercialize hybrid technologies and support a ramp-up in production to help the state reduce its greenhouse gas emissions to 1990 levels by the year 2020 with clean alternative fuels.

Dealers, manufactures and fleet owners can learn more about the program at www.californiahvip.org.