The Financing Assistance Program is one of CARB's suite of equity projects that provides financial resources to help lower-income Californians purchase advanced clean vehicles. The project offers vehicle price buy-downs (grants) at the point of sale, guarantees fair financing through lower-interest loans, and provides home charger incentives or portable chargers and prepaid charge cards where there are home charger installation barriers.
There are two programs under this pilot project implementing two different models: a local, high-touch program and a first come, first serve statewide program. The Driving Clean Assistance Program (DCAP) administered by Community Housing Development Corporation (CHDC) is a local program that serves 12 counties in Northern California. The statewide Clean Vehicle Assistance Program (CVAP) is administered by Beneficial State Foundation and provides incentives to consumers across the state.
More about this program
*Values based on the portion of the projects funded through California Climate Investments.
