Unlocking the Road to Zero Emissions: Funding Now Available for Electric Trucks, Buses, and Fleets
As the push for cleaner, zero-emission transportation accelerates, California is leading the way with generous funding opportunities for public and private fleets. Whether you operate heavy-duty trucks, public transit, or refuse vehicles, the Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project (HVIP) has released new funding tiers for FY24-25—and the numbers are substantial.
Here’s what you need to know.
Massive Incentives for Zero-Emission Trucks
Thinking about electrifying your fleet? HVIP is offering up to $330,000 per truck for small businesses and up to $420,000 for Class 8 fuel cell trucks. Whether you’re moving goods across town or across the state, there’s serious support available:
Truck ClassBase VoucherSmall Business Voucher
These vouchers are designed to help you de-risk the transition to electric, with higher amounts available for small fleets (20 or fewer vehicles, <$15M in annual revenue).
Public School & Transit Bus Funding: Up to $552,000 Available
Public sector fleets can take advantage of even greater funding, with up to $552,000 available for fuel cell transit buses.
Small public schools and transit agencies are eligible for higher voucher amounts.
Drayage & Refuse Vehicles: Boosted Support for the Toughest Use Cases
Need to electrify your port or waste-hauling operations? There’s special support for Drayage and Refuse (D/R) vehicles, with incentives now covering 75% of new truck voucher value for conversions:
ClassBase VoucherSmall Fleet VoucherClass 6 (D/R)$106,250$160,000Class 8 (D/R)$150,000$330,000Class 8 Fuel Cell (D/R)$300,000$420,000
Are You a Small Business or Public Fleet? You Could Qualify for More
Small fleet bonuses are available for:
Private fleets with ≤20 vehicles and ≤$15M in revenue
Public/non-profit fleets with ≤20 vehicles
You can claim enhanced vouchers for up to 5 vehicles. Beyond that, base voucher amounts apply.
Stacking Incentives: Maximise Your Funding
HVIP vouchers can be combined with local, state, and federal programs, including:
FTA, DOE, EPA funding
VW Mitigation Trust
Local air district rebates
Clean Mobility Options (CMO) (with CARB approval)
Rules apply: HVIP pays last and will only fund the remaining cost up to the maximum voucher amount after other incentives are deducted.
Can’t Be Combined With…
ISEF (Innovative Small E-Fleets) — cannot stack with HVIP
Some state programs — if they target the same cost area or emissions reductions
Need Help Navigating the Funding Maze?
Navigating incentives can be complex, but getting it right means massive cost savings and faster decarbonisation.
At ZeroMission, we help fleets tap into the right funding, at the right time, for the right vehicles. Whether you need digital twin modelling, fleet modernisation advice, or charger integration, our FleetOps Advisory Hub and éxō Platform ensure you're not just buying EVs, you're building a future-ready fleet.
Talk to us about how we can help you plan, apply, and deploy with confidence. The incentives are here the time to act is now.
