Outcomes and Results for Financing Assistance for Lower-Income Consumers Program
Project Statistics
CARB’s Incentive Program Insights data dashboard allows for an interactive visualization of the overarching data on Financing Assistance programs, as well as CARB’s other light duty incentive programs.
Cumulative Outcomes as of November 2022
- $133 million allocated
- $51.8 million encumbered
- $17 million benefitting priority populations*
- 5,000 vehicles implemented
- 35,300 MTCO2e GHG reductions
- 2.68 tons of NOₓ reductions
- 2.31 tons of PM reductions
- 0.235 tons of ROG/HC reductions
*Values based on the portion of the projects funded through California Climate Investments.
CARB evaluates the importance of having access to low-interest loans during the process of purchasing a clean vehicle and continues to find ways to collect and evaluate data in a way that helps to inform overall program design. The main measurable metric to evaluate program success are program participation and the number of clean vehicles purchased by low-income consumers. We are working to identify ways to collect and assess more data to better understand the impacts the program has on overall credit scores, and as the needs-based approach is implemented, we will continue to refine program evaluation metrics.
Participation Demographics
| Community Type | Number of Grants | Percent of Total Grants | Average Household Income | Average Percent of Federal Poverty Line |
|---|---|---|---|---|
| Disadvantaged Community | 863 | 19% | $38,777 | 193% |
| Low-Income | 1761 | 40% | $37,803 | 193% |
| Total | 681 | 15% | $37,575 | 189% |
| CVA Program Participants' Race | Percentage of Total | Average Percent of Federal Poverty Line | Percentage Disadvantaged Community | Percent Low-Income Community |
|---|---|---|---|---|
| American Indian or Alaska Native | 2.16% | 193% | 23% | 58% |
| Black or African American | 5.37% | 169% | 32% | 55% |
| East Asian | 13.87% | 218% | 16% | 35% |
| Hispanic or Latino | 9.11% | 216% | 32% | 53% |
| Middle Eastern or North African | 4.35% | 202% | 16% | 30% |
| Native Hawaiian/Pacific Islander | 1.83% | 219% | 16% | 40% |
| Southeast Asian | 11.11% | 226% | 16% | 44% |
| South Asian | 4.39% | 207% | 14% | 36% |
| White or Caucasian | 36.98% | 206% | 14% | 37% |
| More than one Race | 9% | 223% | 21% | 47% |
| Prefer not to Answer | 11.76% | 206% | 19% | 39% |
| Other | 7.20% | 205% | 30% | 49% |
*This data only reflects CVA Program grantees who responded to either the “Adoption Survey” or the “Ownership Survey” and all duplicates have been removed. It does not reflect the total number of CVA Program grantees. Only 55.26 percent of the total number of CVA Program grantees responded to a survey. Also, some respondents identified with more than one race.
Socioeconomic Benefits
In a continued effort to provide transparency and commitment to data, CARB is taking measures to improve data collection for the evaluation, analysis, and reporting of socioeconomic benefits for program participants. This includes an updated survey to provide for more streamlined data collection, analysis, and identification of benefits or areas for improvement. These surveys are self-reported by participants on improved access to employment and goods and services, reliability, and participant testimonials. The table below demonstrates relationships and metrics that these surveys will capture and quantify.
| Benefits(s) | Metric(s) | Evaluation Method(s) | Data Source | Reportable Outcomes |
|---|---|---|---|---|
| Improved ability of low-income or disadvantaged community members to purchase a clean vehicle, using a low-interest loan, without having a vehicle to retire. | Number of cleaner vehicles purchased by low-income consumers, number of program participants that accessed a low-interest loan through the program, and participant ratings through surveys regarding the importance of having access to low-interest loans. | Analyze program data and conduct participant surveys with questions about the importance of the incentive, and the importance of the program facilitating access to low-interest loans. | Program data and voluntary participant responses to user surveys. | Relative number of program participants and clean vehicles purchased by low-income consumers, and relative number and percentage of participants who self-report the importance of accessing low-interest loans through the program’s support. |
Estimated Program Benefits
Financing Assistance for Lower-Income Consumers — California Climate Investments
Data Dashboard
https://cleanvehiclegrants.org/program-data/