Outcomes and Results for Truck Loan Assistance Program

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The Truck Loan Assistance Program is closed.

Cumulative Outcomes as of June 1, 2025

  • Over $270 million invested
  • State investment leveraged about $3.2 billion in financing
  • 45,000+ clean vehicles and equipment financed
  • Nearly half of funding benefits disadvantaged communities
  • Approximately 50% of funding benefitting priority populations
  • Over 43,000 loans enrolled
  • Over 18,500 tons of oxides of nitrogen (NOx) reductions
  • 600 tons of hydrocarbon (HC) and reactive organic gases (ROG) reductions

 

How did this program provide benefits to priority populations? 

The program created financing opportunities for truck owners that fell below conventional lending criteria and were unable to qualify for traditional financing. Almost half of the Truck Loan Assistance Program funding has been spent within and benefiting individuals living in low-income and disadvantaged communities. The program had broad statewide appeal including in rural regions.