When a consumer leases an ARB certified zero emission vehicle, the consumer has the choice to assign the grant to the financing company or apply for an annual grant. If the consumer assigns the grant, the monthly lease payment is recalculated on the reduced capitalized cost of the vehicle. Most ZEVs are currently offered for lease. Grants are available on a first-come, first serve basis. Pre-authorization is encouraged.
Extensive outreach is proposed to automobile makers and their dealers, fleets and individuals.
Staff recommends the Governing Board's approval to administer the Zero Emission Vehicle Incentive Program locally according to the ARB's guidelines, and to establish a dedicated special revenue fund. The AQMP relies on the expedited implementation of advanced technologies and clean-burning fuels in Southern California to achieve air quality standards. The successful implementation of the Zero Emission Vehicle Incentive Program will provide incentives and expedite commercialization of zero emissions vehicles, and will reduce public exposure to mobile source emissions in the South Coast region. These incentives are available for fleets required to comply with AQMD Rules 1191 and 1194. Additional funds are expected at a later date.