California reports $559m in cap-and-trade revenue has gone into clean vehicles

May 5, 2017 by Ronjoy Bezbarua

(Source: Hybrid Cars News) California has put $559 million into electrified cars, trucks, and buses through the state’s cap-and-trade revenue since 2013. During ACT Expo in Long Beach, Calif., the California Air Resources Board announced that the state has invested those funds into thousands of electrified and fuel cell vehicles and demonstration projects. It’s been done to support Gov. Jerry Brown’s executive order to establish a California greenhouse gas reduction target of 40 percent below 1990 levels by 2030. Most of the incentives have gone toward light-duty passenger vehicles, but zero emission trucks and buses of all types have also received their share. That includes electric school buses, electric yard trucks, hydrogen-powered buses, and electric delivery trucks. About 115,000 light-duty vehicles were given financial support. That breaks out to 71,000 battery electric vehicles, 43,000 plug-in hybrid vehicles, and 1,000 fuel cell vehicles. On the truck side, funding went to 46 Class 7 and 8 heavy duty zero-emission trucks; 107 clean utility trucks; 732 hybrid delivery and refuse trucks; and 111 battery-electric delivery trucks. On the transportation side, 408 zero emission vehicles have been supported through 309 transit buses, 69 shuttles, and 30 light-rail cars. For school districts, 29 electric school buses received state funding. For off-road vehicles, 46 zero emission yard trucks, forklifts, and cargo-handling equipment received backing. Read full article….

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