Trade Resources Company News CEC Will Supply $10m for Natural Gas Vehicle

CEC Will Supply $10m for Natural Gas Vehicle

The California Energy Commission (CEC) is set to offer $10m in funding for natural gas vehicle incentives in a move to reduce the purchase price of new on-road natural gas vehicles.

CEC is currently seeking applications from original equipment manufacturers (OEMs) and the incentives will be provided based on the gross vehicle weight.

OEMs should manufacture and assemble vehicle chassis or engines, and sell under its name or badge complete light, medium, or heavy-duty vehicles or school buses to be eligible for this incentive program.

After receiving incentives, the OEMs may use them for eligible vehicles that are sold through its dealers and distributors.

Other requirements of the vehicles include they must meet all 2010 or newer emission requirements of the California Air Resources Board (ARB); and must be registered and operated on natural gas in California for at least 3 years.

 

Source: http://greenpowertrain.automotive-business-review.com/news/cec-to-offer-10m-funding-for-natural-gas-vehicle-in-california-290114-4167471
Contribute Copyright Policy
CEC to Offer $10m Funding for Natural Gas Vehicle in California
Topics: Auto Parts