Volvo VNR Electric Now Eligible for Vehicle Funding and Incentives Across North America
The Volvo VNR Electric, Volvo Trucks North America’s first commercially available battery-electric Class 8 vehicle, is now eligible for dozens of funding and incentive programs across North America, including up to $120,000 per vehicle from California’s Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project (HVIP). Through point-of-sale vouchers, incentives, or rebates, funding programs established are helping make the transition to zero-emission vehicles more cost-effective for fleets of all sizes, operating across every sector.
“Funding and incentives are an important part of the total cost of ownership calculation for fleets deploying battery-electric trucks,” said Peter Voorhoeve, president of Volvo Trucks North America. “With so many local and state-level funding opportunities available from coast to coast, combined with a robust sales and service support network from Volvo Trucks, there are more resources available than ever to guide and help make electrification seamless for customers.”
Volvo Trucks North America began taking customer orders for its VNR Electric model on Dec. 3, 2020. Production of the Volvo VNR Electric began in early 2021 at the company’s New River Valley manufacturing plant in Dublin, Virginia.
The Volvo VNR Electric is eligible for funding programs throughout the United States and Canada including:
* Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project (HVIP) from California, offering up to $120,000 per electric truck
* South Coast Air Quality Management District Proposition 1B 2020 Goods Movement Emission Reduction Program from California, offering up to $200,000 per electric truck
* Southeastern Alternative Fuel Deployment Partnership Project (SEAFDP) from Georgia, offering up to 100% of the incremental cost of the electric truck
* Drayage Truck Replacement Program from Maryland, offering up to $30,000 per electric truck
* MOR-EV Trucks Program from Massachusetts, offering up to $90,000 per electric truck
* Michigan Fuel Transformation Program Part 1 offering up to 70% of the total electric truck cost
* New York Truck Voucher Incentive Program (NY-TVIP) offering up to $185,000 per electric truck
* New York City Clean Trucks Program (NYCCTP) offering up to $185,000 per electric truck
* Écocamionnage Program from Québec, Canada, offering up to $175,000 per electric truck
* Utah Clean Diesel Program offering up to 45% of the total cost of the electric truck
* New Hampshire State Clean Diesel Program Diesel Emissions Reduction Act Program (DERA) offering up to 45% of the total cost of the electric truck
* CleanBC Go Electric Commercial Vehicle Pilots Program from British Columbia, Canada, offering up to 30% of the total project costs, including electric trucks and charging infrastructure
For more information on how fleets and dealerships in North America can apply for eligible funding and incentives for the Volvo VNR Electric from these programs and others, please email [email protected].
In addition to the funding and incentives available in the U.S. and Canada, Volvo Trucks is committed to making electric truck ownership viable, streamlined, and cost effective by offering special financing and insurance solutions for the Volvo VNR Electric and charging infrastructure investment through Volvo Financial Services (VFS), as well as comprehensive service and support bundles. In conjunction with the launch of the VNR Electric, Volvo Trucks introduced the Volvo Gold Contract, their most advanced service contract available, specifically designed to provide peace of mind to new electric truck owners. Incorporating maintenance, towing, uptime services, and full coverage of major components, the Volvo Gold Contract comes standard with the Volvo VNR Electric and is the first service contract of its kind from Volvo Trucks North America.
The Volvo VNR Electric produces zero tailpipe emissions and significantly reduces heat, noise and vibrations, creating the cleanest and most comfortable experience for drivers. The vehicle’s 264-kWh lithium-ion batteries, which charge up to 80% within 70 minutes, have an operating range of up to 150 miles based on the truck’s configuration and application. Regenerative braking can increase range by returning power up to 15% back into the battery, depending on the duty cycle. Cutting-edge battery monitoring technology relays the state of health for the energy source in real time, streamlining service needs and maximizing uptime.