Incentives
How Do We Reduce Emissions and Protect Communities and the Climate?
Climate Tech Finance
This year, in partnership with iBank, our Climate Tech Finance program took significant steps in endorsing sustainable technological advancements.
We awarded a loan guarantee to SPARKZ, whose energy storage solution reduces the cost of domestic lithium battery production by eliminating the cobalt and nickel traditionally used in their manufacturing. The pioneering process developed by SPARKZ not only lowers the cost of lithium-ion batteries, it removes environmental concerns around mining cobalt, and reduces constrictions created by a foreign supply chain. Another loan guarantee was awarded to EV Life, a startup whose goal is making electric vehicles (EVs) more accessible by spearheading solutions to eliminate the 'green premium' — the additional cost often associated with eco-friendly options. Their efforts are focused on making electric driving an achievable dream for millions deterred by the hefty initial cost of EVs. The most recent loan guarantee we awarded was to One Way Trigger, a company that specializes in pavement preservation techniques as a greener and more cost-effective alternative to traditional road maintenance. This approach not only optimizes taxpayer dollars, but also reduces greenhouse gas emissions, curtails energy demands, and ensures quicker application times.
Supporting Electric Vehicle Adoption
We continued our commitment to accelerating electric vehicle adoption in the Bay Area. The Charge! Program provided nearly $10 million in grants to fund 1,070 charging stations at 100 sites across the Bay Area. The Clean Cars for All (CCFA) Program helped income-qualified residents replace older vehicles with clean air vehicles or mobility options, such as public transit cards or electric bicycles. CCFA received $31 million in funding from the California Air Resources Board in 2023, bringing the total program funding to $73 million. CCFA has awarded nearly $37 million to over 4,400 residents since the program began in March 2019. The program relaunched in Fall 2023 with increased grant award amounts and will expand zip code eligibility to all Bay Area residents in 2024.
Additionally, we were awarded nearly $3 million in funding from the California Energy Commission (CEC) to expand equitable EV charging across the Bay Area. We are working with project partners and community stakeholders to deploy over 200 charging stations in Oakland, Richmond, San Pablo, and Vallejo. These chargers will serve multifamily residents, focusing on affordable and public housing residents. The CEC grant, in conjunction with our Charge! Program and CCFA Program, will help the Bay Area transition to a clean transportation economy and provide long-term economic, environmental, and health benefits.
3
sustainable technological advances were awarded loan guarantees through the Climate Tech Finance Program
1,070
electric vehicle charging stations were funded through the Charge! Program
4,400+
residents have participated in the Clean Cars For All Program since it began in March 2019
Clean Ports
We prioritized grant funding for the upgrade and replacement of older diesel-powered equipment and marine vessels servicing ports to accelerate emissions reductions in West Oakland and Richmond communities.
Heavy-Duty Vehicle and Equipment Electric Charging Infrastructure
This competitive grant program offered $30 million in funding for projects to install electric charging stations for heavy- and medium-duty vehicles and equipment. Installation of charging stations is a critical first step in helping accelerate the transition toward zero-emission fleets that reduce emissions in Bay Area communities most affected by air pollution.
Heavy-Duty Vehicle and Equipment Electric Charging Infrastructure
This competitive grant program offered $30 million in funding for projects to install electric charging stations for heavy- and medium-duty vehicles and equipment. Installation of charging stations is a critical first step in helping accelerate the transition toward zero-emission fleets that reduce emissions in Bay Area communities most affected by air pollution.
$30M
in funding was offered for projects to install charging stations for heavy- and medium-duty vehicles and equipment
$30M
in funding was offered for projects to install charging stations for heavy- and medium-duty vehicles and equipment
CLEANER SCHOOL BUSES
We prioritized grant funding to support the accelerated replacement of older, diesel-powered school buses with zero-emission buses to protect student health and achieve significant air quality benefits for this highly sensitive group.
CLEANER SCHOOL BUSES
We prioritized grant funding to support the accelerated replacement of older, diesel-powered school buses with zero-emission buses to protect student health and achieve significant air quality benefits for this highly sensitive group.
40
new school buses were funded through our grant program
40
new school buses were funded through our grant program
2023 EMISSION REDUCTIONS FROM AIR DISTRICT INCENTIVE PROJECTS
OFF-ROAD EQUIPMENT AND INFRASTRUCTURE
TOTAL FUNDS AWARDED
$7.01M
Estimated Annual Emissions Reduction for the Projects Funded (tons/year)
Oxides of Nitrogen (NOx)
17.2
Reactive Organic Compounds (ROG)
1.9
Particulate Matter (PM10)
1.2
Total
20.3
On-Road Vehicles and Infrastructure
TOTAL FUNDS AWARDED
$21.60M
Estimated Annual Emissions Reduction for the Projects funded (tons/year)
NOx
3.0
ROG
0.3
PM10
0.0
Total
20.3
Other Projects (including Trip Reduction)
TOTAL FUNDS AWARDED
$1.91M
Estimated Annual Emissions Reduction for the Projects Funded (tons/year)
NOx
7.2
ROG
8.9
PM10
22.6
Total
38.7
Congestion Management Agency Projects
TOTAL FUNDS AWARDED
$12M
Estimated Annual Emissions Reduction for the Projects Funded (tons/year)
NOx
12.7
ROG
15.4
PM10