California Updates Funding for Alt Fuels and Vehicles
May 23, 2013
The California Energy Commission on May 8 unanimously adopted the 2013-2014 Investment Plan Update to support the development and use of green vehicles and alternative fuels. The update sets funding priorities for the approximately $100 million in annual state funds under the Commission's Alternative and Renewable Fuels and Vehicle Technology (ARFVT) Program.
Funding priorities through the ARFVT Program support fuel and vehicle development to help attain the state's climate change policies. In addition, the program funds projects that assist in fulfilling Governor Brown's Zero Emission Vehicles (ZEV) Action Plan, with a target of installing enough infrastructure to support 1 million ZEVs by 2020, and a 2025 target of having 1.5 million ZEVs on the state's roads. Investments made through the program's competitive solicitation process provide a crucial jump-start in funding to overcome market barriers for new fuels and technology, while leveraging additional investment from federal agencies, research institutions, private investors and other stakeholders. Currently, the state's transportation sector accounts for nearly 40 percent of the state's greenhouse gas emissions, and more than 95 percent of all transportation energy consumed in California is petroleum-based. See the California Energy Commission press release.