The Volvo VNR Electric is now eligible for dozens of funding and incentive programs across North America, including up to $120,000 per vehicle from California’s Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project (HVIP).
Through point-of-sale vouchers, incentives, or rebates, funding programs established are designed to help make the transition to zero-emission vehicles more cost-effective for fleets of all sizes that operate across any sector.
“Funding and incentives are an important part of the total cost of ownership calculation for fleets deploying battery-electric trucks,” said Peter Voorhoeve, president of Volvo Trucks North America. “With so many local and state-level funding opportunities available from coast to coast, combined with a robust sales and service support network from Volvo Trucks, there are more resources available than ever to guide and help make electrification seamless for customers.”
Funding programs available throughout North America include:
- Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project (HVIP) from California, offering up to $120,000 per electric truck
- South Coast Air Quality Management District Proposition 1B 2020 Goods Movement Emission Reduction Program from California, offering up to $200,000 per electric truck
- Southeastern Alternative Fuel Deployment Partnership Project (SEAFDP) from Georgia, offering up to 100% of the incremental cost of the electric truck
- Drayage Truck Replacement Program from Maryland, offering up to $30,000 per electric truck
- MOR-EV Trucks Program from Massachusetts, offering up to $90,000 per electric truck
- Michigan Fuel Transformation Program Part 1 offering up to 70% of the total electric truck cost
- New York Truck Voucher Incentive Program (NY-TVIP) offering up to $185,000 per electric truck
- New York City Clean Trucks Program (NYCCTP) offering up to $185,000 per electric truck
- Écocamionnage Program from Québec, Canada, offering up to $175,000 per electric truck
- Utah Clean Diesel Program offering up to 45% of the total cost of the electric truck
- New Hampshire State Clean Diesel Program Diesel Emissions Reduction Act Program (DERA) offering up to 45% of the total cost of the electric truck
- CleanBC Go Electric Commercial Vehicle Pilots Program from British Columbia, Canada, offering up to 30% of the total project costs, including electric trucks and charging infrastructure
In addition to the funding and incentives available in the U.S. and Canada, Volvo Trucks is committed to making electric truck ownership viable, streamlined, and cost effective by offering special financing and insurance solutions for the Volvo VNR Electric and charging infrastructure investment through Volvo Financial Services (VFS), as well as comprehensive service and support bundles.
In conjunction with the launch of the VNR Electric, Volvo Trucks has introduced the Volvo Gold Contract, a service contract specifically designed to provide peace of mind for new electric truck owners. Incorporating maintenance, towing, uptime services, and full coverage of major components, the Volvo Gold Contract will come standard with the Volvo VNR Electric.