• Image 01
  • Image 02
  • Image 03
  • Image 04
  • Image 05
  • Image 06
Need assistance? Contact Us: 1-800-255-5897

Menu

  • Home
  • About Us
    • Company Overview
    • Management Team
    • Board of Directors
  • Your Loan Service Center
  • MAKE A PAYMENT
  • Business Service Center
  • Contact Us
  • Home
  • About Us
    • Company Overview
    • Management Team
    • Board of Directors
  • Your Loan Service Center
  • MAKE A PAYMENT
  • Business Service Center
  • Contact Us
Recent Quotes
View Full List
My Watchlist
Create Watchlist
Indicators
DJI
Nasdaq Composite
SPX
Gold
Crude Oil
Markets
Stocks
ETFs
Tools
Markets:
Overview
News
Currencies
International
Treasuries

BYD Buses, Trucks Eligible for $165 Million in HVIP Money

By: BYD via Business Wire
May 13, 2021 at 11:47 AM EDT

BYD announced Tuesday that buyers of its line of American-made battery-electric transit buses, motor coaches, and heavy-duty trucks are eligible for $165 million in funds through the California Air Resources Board (CARB) Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project (HVIP).

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210513005769/en/

Courtesy of BYD

Courtesy of BYD

HVIP will open to new voucher requests at 10 a.m. on Tuesday, June 8. A total of approximately $165 million will be available; however, only half of the funds will be released to the public when the program opens. The other half will be made available two months later, at 10 a.m. on August 10.

Class 8 trucks performing drayage operations as well as any vehicles purchased by a public government entity are exempt from the two-month pause.

Vehicles in the voucher program include BYD’s entire battery electric transit bus line and most coaches as well as Class 8 and Class 6 electric trucks.

The voucher program includes BYD’s complete transit bus line, with the 30-foot K7M eligible for $85,000 in incentives, and the 30-foot K7M-ER, 35-foot K8M, 40-foot K9M, and 60-foot K11M eligible for $120,000.

BYD’s 35-foot C8M, 35-foot Double Decker C8MS, 40-foot C9M, 45-foot C10M, and 45-foot Double Decker C10MS motor coaches are eligible for $120,000 vouchers.

For electric truck customers, BYD’s Class 6 models 6F and 6R are eligible for $85,000 while the Class 8 models 8R and 8TT are eligible for $120,000 (or $150,000 in drayage operations).

Voucher amounts can be increased by an additional 10% if the vehicles are domiciled in a disadvantaged community. Voucher amounts can be increased by an additional 15% if the vehicles are procured by a public transit agency.

The chassis of any vehicle receiving an HVIP voucher must be titled and licensed in California, and the vehicle must be California-registered.

BYD is the industry leader in zero-emission electric buses with over 500 vehicles delivered to customers. More than 50 customers across the United States are operating U.S.-made BYD electric buses in communities from Martha’s Vineyard and Indianapolis to Palo Alto and Los Angeles.

BYD trucks are hard at work across America moving freight at ports, railyards, and warehouse distribution centers; making deliveries; and collecting refuse. BYD trucks lower the total cost of ownership with lower fuel and maintenance costs than their internal combustion engine counterparts.

BYD’s Lancaster, California manufacturing facility employs hundreds of men and women including members of the Sheet Metal, Air, Rail and Transportation Workers Union (SMART), Local 105. Our Community Benefits Agreement includes a commitment to hire veterans, single parents and the formerly incarcerated.

ABOUT BYD

The Official Sponsor of Mother Nature™, BYD, the world’s leading electric vehicle company, is dedicated to creating a “total solution.” Globally, BYD has committed to corporate social responsibility, deeply monitoring our supply chain in terms of human rights, environmental safety, hazardous substance control and intellectual property rights. We only select suppliers who share our commitment to just labor practices, human rights standards and the environment.

For more information, please visit https://en.byd.com/ or follow BYD on LinkedIn, Twitter, Facebook and YouTube.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210513005769/en/

Contacts

Jim Skeen, media relations specialist

jim.skeen@byd.com

661-436-0513

More News

View More
News headline image
3 Stocks Poised to Benefit From Google’s AI Breakthough ↗
December 03, 2025
Via MarketBeat
Topics Artificial Intelligence
Tickers AVGO CLS GOOG GOOGL NVDA ORCL
News headline image
Beyond NVIDIA: 5 Semiconductor Stocks Set to Dominate 2026 ↗
December 03, 2025
Via MarketBeat
Tickers ADI AMD AVGO MRVL MU NVDA
News headline image
3 Stocks You’ll Wish You Bought Before 2026 ↗
December 03, 2025
Via MarketBeat
Tickers CELC DAVE TDUP
News headline image
Wall Street Punished CrowdStrike for Beating Earnings? Seriously? ↗
December 03, 2025
Via MarketBeat
Tickers CRWD
News headline image
Okta: Excuses to Sell Vs. Reasons to Buy ↗
December 03, 2025
Via MarketBeat
Tickers CRWD OKTA PANW ZS

Recent Quotes

View More
Symbol Price Change (%)
AMZN  232.38
+0.00 (0.00%)
AAPL  284.15
+0.00 (0.00%)
AMD  217.60
+0.00 (0.00%)
BAC  54.09
+0.00 (0.00%)
GOOG  320.62
+0.00 (0.00%)
META  639.60
+0.00 (0.00%)
MSFT  477.36
-0.37 (-0.08%)
NVDA  179.59
+0.00 (0.00%)
ORCL  207.73
+0.00 (0.00%)
TSLA  446.74
+0.00 (0.00%)
FinancialContent
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.
© 2025 FinancialContent. All rights reserved.

Having difficulty making your payments? We're here to help! Call 1-800-255-5897

Copyright © 2019 Franklin Credit Management Corporation
All Rights Reserved
Contact Us | Privacy Policy | Terms of Use | Sitemap