Nikola Corporation announced Friday its Nikola Tre battery-electric vehicle (BEV) has been deemed eligible for the Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project (HVIP) program by the California Air Resources Board (CARB).
With this approval, Nikola says purchasers of the Nikola Tre can now qualify for an incentive valued at $120,000 per truck, helping to reduce the total cost of ownership for any purchaser operating in the state of California.
Launched by CARB in 2009, HVIP is the earliest model in the U.S. to demonstrate the function, flexibility, and effectiveness of a limited pool of first-come first-served incentives that reduce the incremental cost of clean commercial vehicles, Nikola says. HVIP is administered by CALSTART, a national clean transportation nonprofit consortium, on behalf of CARB.
With a range of up to 350 miles, the Nikola Tre BEV is expected to have one of the longest ranges among the current HVIP eligible Class 8 tractors. The Tre's cabover design is ideal for metro-regional applications because it has improved visibility and maneuverability, along with a smooth and quiet ride free of the smell of diesel emissions, the company adds.
"We applaud CARB's commitment to a greener future through the HVIP program," says Michael Erickson, Nikola's global head, Battery-Electric Vehicles. "Our HVIP approval is anticipated to help dramatically reduce greenhouse gas emissions and lowers the total cost of ownership for Nikola's California-based customers."