Peterbilt announced Thursday, March 5, that its complete line of hybrid products are eligible for U.S. Environmental Protection Agency grants of up to 25 percent of the total quoted vehicle cost.
On Thursday, March 5, EPA launched grant and loan programs totaling more than $200 million for steps that reduce diesel emissions. Another $88 million will be distributed through the states. The funding comes from the economic stimulus act passed by Congress last month.
Hybrid system developer Eaton Corp. worked with the Environmental Defense Fund to complete and submit applications on behalf of Peterbilt and its customers to receive the available Diesel Emission Reduction Act grant discounts. Peterbilt hybrid customers must complete a nonbinding letter of intent to purchase and customer application form to become eligible for the grant. Additional federal tax credits of up to $12,000 and state and municipal funding also may be available to further offset the hybrid equipment costs.
The grant is available for regional, state and local governmental agencies; nonprofit organizations; municipalities; and public and private companies that operate on behalf of these entities. Peterbilt, based in Denton, Texas, says hybrid vehicles eligible for the discount include the Model 330 hybrid electric, Model 335 hybrid electric and Model 320 hydraulic launch assist.
