Incentives of $95,000 Per Battery Electric Truck,
Plus New Trucks Are Available as Well as Repowers
Kansas City-based Orange EV said this morning that its 100% battery electric T-Series Class 8 terminal truck in eligible for $95,000 in purchase support in California via HVIP, the state’s Hybrid & Zero-Emission Truck & Bus Voucher Incentive Project.
The vehicles have been operating for 24 hours or more per charge in railroad intermodal, LTL freight, manufacturing, retail distribution, waste management and warehouse container handling applications, the company says.
“Businesses and organizations with fleets in California can get a preliminary voucher amount of $95,000 per truck, increasable up to $120,000 and stackable with other incentive programs to lower initial purchase price,” states today’s release.
An Easy Application Process
“California HVIP vouchers dramatically simplify and speed up the process of obtaining funds, thereby accelerating vehicle deployment,” chief commercial officer Mike Saxton says in the announcement.
“Orange EV’s T-series and the corresponding voucher amount are all pre-approved, eliminating uncertainty and enabling fleets to execute deployment plans without having to go out-of-pocket for the additional capital,” he said.
Make It Up on Fuel
“The balance can be financed, further reducing initial cash outlay and helping fleets pay the balance from savings in large expense items like diesel fuel,” the company says.
Orange EV spread the word last week that it is now offering new-chassis vehicles, as well as upfits of existing terminal trucks to full battery power.
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Source: Orange EV with Fleets & Fuels follow-up