The California Air Resources Board has approved the proposed Year 3 HVIP plan with updated voucher amounts and other program enhancements. This includes the $10,000 bonus for each of the first three vouchers per company (for vehicles over 10,000 lbs). In some cases, the Year 3 vouchers can more than double the existing electric truck vouchers from Year 2, and with the particular bonuses, can almost triple them.

All existing vouchers are eligible for Year 3 voucher amounts (except for zero-emission vehicles already receiving California Energy Commission HVIP funding), provided they redeem after the Year 3 launch. You can take vouchers out now at the current levels and they will be converted to Year 3 levels in the coming weeks