California Offers $125 Million Incentive for EVs

Aug. 2, 2022
CALSTART
Core Logo 62e92cda7c507

The Clean Off-Road Equipment Voucher Incentive Project (CORE) provides point-of-sale discounts on off-road zero-emission equipment. The project is administered by CALSTART and has $125 million in funding available, more than double the amount allocated to the project when it first launched in January 2020.

Originally only for freight, in 2022, CORE is expanding to include funding for the construction sector.

CORE elements

Key elements include:

  • Qualified participants will receive vouchers for point-of-sale discounts on off-road zero-emission equipment, up to a maximum of $500,000 per voucher
  • There is no requirement to “scrap,” sell, or retire existing equipment
  • Additional funding may be available for charging/refueling infrastructure, equipment operated in disadvantaged communities, and small businesses.

“California is backing up its commitment to clean the air in overburdened communities and carry out the direction of the Governor’s Executive Order with a significant investment in zero-emission vehicles and sustainable transportation,” said Craig Segall, deputy executive officer for the California Air Resources Board (CARB), in a prepared statement. “CORE is specifically designed to assist industry sectors that currently use off-road equipment and can help clean up the communities hardest hit by air pollution.”

Said Niki Okuk, deputy director at CALSTART, in a statement:

“We are anticipating significant interest in this second round. The industry is continuing its transition to zero-emissions and CORE provides a clear market signal that helps bring new products to the market.”

The first round of CORE resulted in over 460 vouchers for vehicles and electric vehicle supply equipment totaling over $62 million. CORE is part of California Climate Investments, a statewide initiative that puts billions of Cap-and-Trade dollars to work reducing greenhouse gas emissions, strengthening the economy, improving public health and the environment, and providing meaningful benefits to the most disadvantaged communities, low-income communities, and low-income households.

Source: CALSTART