Skip to main content

Time is Running Out. Secure HVIP Funding Before Policy Changes.

The California HVIP (Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project) program has substantial changes and updates that could impact funding availability and application processes for zero-emission Class 8 tractors.

Companies should connect with HVIP-eligible dealers immediately to start the voucher request process. This urgency is underscored by the potential for funding exhaustion and the implementation of new rules that might restrict future eligibility.

Why Act Now?

  • ENHANCED INCENTIVES: Small fleets with 20 or fewer medium-heavy-duty (MHD) vehicles and annual revenue under $15 million qualify for a 100% base adjustment on vouchers.
    •  
  • LIMITED FUNDS: Out of more than $500 million available, only $261 million remains – and it is going very, very quickly!
    •  
  • UPCOMING CHANGES: New rules coming in 2025 may limit voucher eligibility so fleets of 50 or more will not be eligible for HVIP funding.
    •  
  • Tre BEV 2022 ELIGIBILITY: The Nikola Tre BEV 2022 may lose eligibility at the end of the year. Apply now to secure your voucher.
 

Don’t Miss Out!

Take advantage of these incentives before the funds are exhausted or policy changes take effect.

    Connect with a Local, Authorized Nikola HVIP Approved Dealer

    Secure Your Zero-Emission Future Today

    Current Funding Availability:

    Although originally HVIP had more than $500 million allocated, as of July 23, 2024, there is only $261 million remaining to support the purchase or lease of zero-emission trucks and buses. It’s crucial to apply quickly, as voucher requests are being processed on a first-come, first-served basis (California HVIP).

    Increased Incentives for Small Fleets:

    Small fleets continue to benefit from even more enhanced incentives, with a 100% base adjustment available for small public and nonprofit fleets with 20 or fewer medium and/or heavy-duty zero-emission vehicles, and private fleets with less than $15 million in annual revenue. This is to encourage smaller fleets to transition to zero-emission vehicles (California HVIP).

    Urgency for Application:

    With a rapid allocation of funds and upcoming regulatory changes, there is a pressing need for companies to act quickly to receive the maximum funding available. These allocated funds may be exhausted as soon as October 2024, and new restrictions will apply from January 2025, limiting vouchers to fleets of less than 50 vehicles (FY2024-25FPJuneWorkshop).

    Eligibility of HVIP Qualification of 2022 Tre BEVs:

    The Nikola Tre BEV 2022 may lose eligibility at the end of 2024. These models, upgraded with 2024 software and batteries, offer excellent value. By acting immediately, companies can take advantage of the current funding and avoid potential complications and restrictions that may come into effect in early 2025.