Financing Assistance for Lower-Income Consumers

Vehicle financing assistance for lower-income consumers, california climate investments.the image depicts a woman smiling and holding a set of car keys.
vehicle financing assistance for lower-income consumers, california climate investments. 2018 outcomes, $1.4 million implemented for this program, image depicts a graphic of 2018 outcomes that displays funding distributions, expected benefits and total funding.

Offers lower-income consumers a low-interest loan and a vehicle price buy-down to purchase a new or used zero-emission, plug-in hybrid electric, or hybrid vehicle. Lenders are offered a loan loss reserve to mitigate their risk.

  • This program has received $25.9 million

  • $1.6 million has been implemented

Who can access funds?

Lower-income residents statewide.

For Bay area residents, visit CHDC page

Program Factsheet

Anticipated Timelines

Low-interest loans and buy-downs available first-come, first-served; program administration awarded competitively.