Everything You Need to Know About HVIP Vouchers
California offering $165M in funding beginning June 8th
What is the California HVIP?
The Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project, or HVIP for short, offers point-of-sale discounts to power California communities and drive commercial technology transformation. HVIP is specifically designed to make sales happen by closing the price gap between clean electric technology and conventionally fueled vehicles.
What is the impact of the HVIP?
With HVIP being one of the largest incentive programs in the US, it has had an incredible effect on the market since its inception over a decade ago. The program has directly funded more than 7,000 clean technology vehicles that have driven over 188 million “cleaner-than-diesel” miles. The HVIP had over $400 million in funding through 2020 and is now adding an additional $165 million through 2021 in order to meet California’s 2030 climate goals.
How can I participate?
Easy, just let us know what you need and we’ll handle all the paperwork. As an HVIP Approved Seller we can offer you the full discount you qualify for right away on your purchase order. That could be a savings of up to $85,000 per vehicle if you make a purchase with Xos! Our trained HVIP representative is ready to answer any questions, just fill out the form here.
When does funding become available?
Half of the $165 million will be made available at 10am on June 8th. The other half will become available at 10am on August 10th. This program is funded on a first-come, first-served basis, so we would love to speak with you beforehand to make sure you have everything you need to get your full incentive. Please contact us here.
Do I have to trade-in a vehicle?
No trade-in or “scrappage” is required to participate in this year’s program. You can keep running your business as is, while expanding your fleet with newer, cleaner, electric technology.
Xos has helped UPS put fully electric vehicles on the road since 2019.
How many trucks can I get?
We at Xos would be happy to help you build out a fleet of any size that meets your needs. As far as the HVIP vouchers are concerned though, you may qualify for up to 30 vouchers every calendar year.
What’s the catch?
There isn’t one! There are of course rules that need to be followed, deadlines to keep in mind, and contracts that need to be signed, but we at Xos will happily handle all the finer details for you. As an Approved Seller we are fully equipped to answer any of your questions here.
About Xos
Xos was founded in 2016 with the sole mission to decarbonize transportation through the design, engineering, and development of purpose-built commercial vehicles. Founded by former fleet operators, Xos has a deep appreciation for the challenges of operating and maintaining commercial fleets, particularly in light of accelerating emissions requirements. Every aspect of Xos vehicle design, product engineering, commercial manufacturing, and service strategy has been informed by feedback and collaboration with established fleet operators. Xos is expertly positioned to develop commercial EV solutions that incorporate each customer’s unique requirements.
To find out more about how Xos can meet your fleets needs with our low-cost sustainable designs please visit www.XosTrucks.com
*Customers and their participating dealers must meet all applicable project requirements identified in the HVIP Implementation Manual to receive a voucher. A valid signed Purchase Order (or other binding Agreement, Contract, Buyer’s Order, or action/resolution by a government entity’s governing body) is required at the time a voucher request is made. Non-binding agreements are not sufficient to reserve a voucher. When HVIP re-opens, Purchase Orders for purchases made by private entities must be dated no more than 10 calendar days prior to the date of the corresponding voucher request. For purchases made by public government entities, the timeline is 90 days. A purchase order or other sales agreement that is eligible at the time of the initial opening will remain eligible during both waves and the pause does not affect this eligibility.
