California Reports $559M In Cap-and-Trade Revenue Has Gone Into Clean Vehicles

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.

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The $559 million in funding came through California Climate Investments, which invests cap-and-trade dollars to reduce emissions, improve public health, and strengthen the state’s economy. Much of that support has gone to disadvantaged communities, including those living near the ports of Los Angeles and Long Beach with polluting cargo trucks filling freeways.

It originated in 2006 when the state passed AB 32 to address global warming. The California Climate Investments program was set up to invest funds coming from quarterly auctions that have raised billions of dollars to support cleantech ventures such as electrified vehicles and renewable energy. That’s been paid by polluting companies such as oil refineries and electric utilities that have been powering their plants with coal.

Some of the state funds have gone into demonstration projects analyzing the performance and emissions reductions using battery and fuel cell power.

CARB reported that several of the demonstration projects have placed zero emission trucks next to diesel trucks in sites such as rail yards or distribution centers. That offers a lot of data for comparing the fuels and learning more about what it takes for alternative fuels and vehicles to succeed in these demanding environments.

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