Outcomes and Results for Zero-Emission Truck Loan Pilot Project
The Zero-Emission Truck Loan Pilot Project is currently under development and staff is considering stakeholder feedback to develop the pilot.
Staff will use a number of methods to evaluate the Zero-Emission Truck Loan Pilot. Staff will collect data on all the loans enrolled in the pilot from California Pollution Control Financing Authority (CPCFA) including all information provided by prospective borrowers submitted on loan applications, vehicle information and supporting infrastructure. California Air Resources Board (CARB) will work closely with the participating lender(s) through CPCFA to monitor the program.
The Project will help program staff learn about what small business fleets need to transition to zero-emission vehicles by analyzing project data and evaluating deployment success and then adjusting where necessary if actual outcomes do not meet the original pilot scope. In conjunction with stakeholders, staff will work to develop parameters and key data needed to evaluate pilot deployments. Staff will also monitor pilot participation in disadvantaged and low-income communities and solicit input from lenders and borrowers to understand how the program has influenced purchasing behaviors.