Nikola’s Tre electric vehicle eligible for California incentive program

Nikola has received approval from the California Air Resources Board – CARB – for Nikola’s Tre hydrogen fuel cell electric vehicle – FCEV – to be eligible for CARB’s Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project – HVIP – program. This approval will now enable customers of Nikola’s Tre FCEV to access a point-of-sale incentive starting at $240K and ranging up to $288K per truck, in 2023. Customers will also be eligible for a $40K clean commercial vehicle tax credit from the federal government due to the passage of the Inflation Reduction Act. California’s HVIP is an incentive program intended to advance commercialization and to help reduce the total cost of ownership of hybrid and zero-emission commercial vehicles in the state of California.