HVIP Is Back: Here’s What California Fleets Need to Know (And Why It Matters Now)

Rhea-AI Summary

Xos (NASDAQ: XOS) announces the reopening of California's Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project (HVIP) on September 9, 2025. The program offers substantial incentives for electric truck adoption, with vouchers ranging from $85,000 to $160,000 per Class 6 vehicle.

The program features a rolling cap of 20 unredeemed vouchers per fleet, with higher incentives available for smaller fleets (20 or fewer vehicles). Xos highlights its support services, including eligibility verification, paperwork management, and deadline tracking, having already secured over $50 million in incentives for fleets nationwide.

[ "Significant incentives available: up to $160,000 per Class 6 truck for small fleets", "Up to 20 vouchers available per fleet", "Xos has proven track record with $50M+ in secured fleet incentives", "Program offers voucher extensions up to 540 days for infrastructure coordination" ]

Positive

• None.

Negative

• Limited funding available on first-come, first-served basis
• Small fleet voucher redemptions are subject to all-time cap
• Strict 90-day check-in requirements for voucher maintenance

Xos, Inc. explains how it helps California fleets navigate HVIP and maximize funding for electric trucks

LOS ANGELES, Sept. 10, 2025 (GLOBE NEWSWIRE) -- (NASDAQ: XOS) - The Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project (HVIP) is officially back, and California fleets have a major opportunity to secure funding for electric trucks. Depending on fleet size, incentives range from $85,000 to $160,000 per Class 6 vehicle, with up to 20 vouchers available per fleet.

On September 9, 2025, the California Air Resources Board (CARB) will reopen HVIP, making millions in funding available on a first-come, first-served basis.

Program Highlights

• $85,000 per Class 6 truck for fleets with more than 20 vehicles
• $160,000 per Class 6 truck for fleets with 20 or fewer vehicles
• Fleets eligible for the $160,000 small fleet voucher are subject to an all-time cap on how many they can redeem. This cap applies only to vouchers requested after November 2024, any submitted before that date do not count against it.
• Rolling cap of 20 unredeemed vouchers per fleet
• First come, first served, no reservations or waitlists
  
  

Why This Matters Now
HVIP is one of the most effective tools California fleets can use to cut the upfront cost of electrification. Combined with lower operating expenses over time, these vouchers can make the switch to electric not only possible, but financially compelling.

But urgency is critical: funds are limited, and CARB will assign vouchers in the order they’re submitted.

Key Program Requirements
To keep your vouchers active and aligned with delivery schedules, fleets should be aware of:

• 90-day check-ins: Fleets must revisit delivery timelines every three months
• Voucher renewals: Vouchers can be extended up to 540 days in total, giving time to coordinate charging infrastructure and deployments
• Usage monitoring: CARB requires that funded vehicles are actively deployed and providing value
  
  

How Xos Supports Your Fleet
We make HVIP simple and seamless so your team can focus on operations, not paperwork.

• Eligibility in minutes: We’ll confirm your fleet qualifies
• End-to-end paperwork: We manage submissions and all CARB communications
• Deadline management: We handle renewals and ensure vouchers don’t lapse
• Proven track record: Xos has already secured $50M+ in incentives for fleets nationwide
  
  

Secure Your HVIP Funding Before It’s Gone

HVIP funds are available on a first-come, first-served basis, so it’s important to plan ahead and submit early. To initiate a voucher request, a signed Sales Order is required, make sure this step is completed early to avoid missing out.

Schedule a call with the Xos team today to lock in your share of HVIP and accelerate your path to electrification.

Xos Contacts
Jorge.mantilla@xostrucks.com

FAQ

How much funding does HVIP offer per Class 6 electric truck in California?

HVIP offers $85,000 per Class 6 truck for fleets with more than 20 vehicles, and $160,000 per Class 6 truck for fleets with 20 or fewer vehicles.

When does the HVIP program reopen in California?

The HVIP program reopens on September 9, 2025, with funding available on a first-come, first-served basis.

What is the maximum number of HVIP vouchers a fleet can receive?

Fleets can receive up to 20 unredeemed vouchers under the rolling cap system.

How long can HVIP vouchers be extended?

HVIP vouchers can be extended for up to 540 days total, allowing time for charging infrastructure and deployment coordination.

How has Xos (NASDAQ: XOS) performed in securing fleet incentives?

Xos has successfully secured over $50 million in incentives for fleets nationwide through various programs.