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Financing Assistance for Lower-Income Consumers Program

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Primary Contact

Categories

Topics
Incentives, Climate Change
Division
Mobile Source Control Division

About

Current Incentive Amount(s)

Table of eligible vehicle types and their incentives.
Vehicle TechnologyIncentive Amount
Plug-in Hybrid (PHEV)$7,500
Battery Electric (BEV)$7,500
Fuel Cell Electric Vehicle (FCEV)$7,500

Who is Eligible

The Financing Assistance Program is an equity-focused project targeting low-income consumers to facilitate their access to purchasing clean technology vehicles. The annual household income eligibility criteria are set at less than or equal to 300% of the Federal Poverty Level (FPL).

How it's Administered

Community Housing Development Corporation (CHDC) administers DCAP serving low-income residents of 12 counties in Northern California. Beneficial State Foundation (BSF) administers the CVAP program at the statewide level.

Where and When it's Offered

Incentives are available for all low-income Californians throughout the year.

Project Funding or Participation Requirements

Participants must be:

  • California Resident
  • With a qualifying household income (based on 300% of the FPL)
  • Purchase or lease a new or used vehicle equal to or less than $45,000
  • Own or lease their clean vehicle for a minimum of 30 consecutive months
  • Obtain a loan from a financial institution at an interest rate of 8.0 percent or less

Announcements and Upcoming Activities

A joint solicitation for selecting a grantee to administer new Statewide Financing Assistance and Statewide Clean Cars 4 All was held in Spring of 2023. Upon finalizing the selection process, CARB plans to launch new joint programs later this year.

Project Resources

  • FAQs - https://cleanvehiclegrants.org/faq
    • How can the Financing Assistance Program help me?
      • Financing Assistance helps income-qualified California residents get a new or used plug-in hybrid, fuel cell, or electric vehicle through a combination of grants and fair financing options. Lending partners offer 8% or lower interest rate auto loans for qualified participants.
    • How is Financing Assistance different from other programs?
      • Clean vehicle grants are awarded to individuals at the point of sale of a qualifying clean vehicle, not after the fact. If consumers have already purchased or leased a clean vehicle, they cannot receive a grant.
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