California Gov. Gavin Newsom has announced the state plans to invest another $1 billion in building infrastructure to support the state’s phaseout of ICE vehicles trucks and cars.
The company has said that the charging program will be funded by the state’s investor-owned utilities. The program is said to direct 70% of funding to charging for medium-and heavy-duty vehicles and will offer rebates for customer electric vehicle infrastructure investments in businesses, factories and apartments.
The California Air Resources Board has also approved a $2.6 billion investment plan to support a wide range of zero-emission vehicle projects.
The company has said that 70% of the funds will be directed to disadvantaged and low-income communities. This will be the state’s largest-ever investment in the equitable expansion of clean transportation, according to a statement by the governor.
Back in August, the California Air Resources Board passed a plan that will see all new passenger cars and light trucks sold in the state to be electric vehicles or plug-in hybrids by 2035.