News

New York Starts Green Truck Voucher Program

Bloomberg

Monday, August 12, 2013

New York Gov. Andrew M. Cuomo has unveiled the New York Truck Voucher Incentive Program, a $19 million project to encourage the purchase of energy-efficient vehicles and components.

  • Manufacturers of Class 3 to Class 8 trucks will receive the vouchers and can then pass the savings onto trucking companies and other buyers.
  • Cuomo has reserved $10 million for alternative-fuel related changes — the purchase of compressed natural gas, hybrid-electric, battery-electric vehicles or diesel retrofits — and emission-reduction tools in New York City.
  • A $6 million has been set aside for vouchers worth up to $40,000 each to be directed toward the purchase or lease of CNG or electric vehicles, but the money can also be used to reconfigure a diesel truck to run on CNG. The rest of the money is to cover 80 percent of the cost of emission-reducing equipment on diesel trucks. To qualify for either voucher, companies must operate in New York City 70 percent of the time.
  • The balance of the project is directed toward battery-electric truck and bus purchases in 30 counties that don’t meet the National Ambient Air Quality Standards. The $9 million in funds is available in vouchers of up to $60,000 each. The battery-electric vouchers are currently available, and the New York City-specific vouchers for alternative fuels will be available later this month, with diesel emission-reduction project reimbursement available in September.