Funding Requirements
The state of California has a number of electric vehicle inventive programs. The most attractive one for small business is the Innovative Small eFleets program which is part of the larger Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project (HVIP). HVIP accelerates commercialization by providing point-of-sale vouchers to make advanced vehicles more affordable. Launched by the California Air Resources Board in 2009, the project is part of California Climate Investments.
- Domicile and operate in California
- Address in a disadvantaged community
- Annual revenue (under $15M)
- Fleet size (20 or less, 8,500lb. GVWR)
- Federal tax ID number
- California secretary of state registration
- DOT number
- CA number
- TRUCRS registration
- Labor attestation registration
- Commercial vehicle insurance