Bill > HB422

This bill establishes the Clean Truck Incentive Program, which aims to support the purchase of zero-emission electric trucks and buses in New Mexico. The key provisions are: 1. The Department of Environment will administer the program, including processing applications, issuing rebate certificates, and reimbursing participating dealers who provide the rebate to eligible buyers at the point of sale. Eligible vehicles must have zero carbon dioxide and zero criteria air pollutant emissions. 2. Buyers who receive a rebate certificate and put the purchased vehicle into service for at least one year are eligible for the program. Dealers must be approved as "participating dealers" to receive reimbursement for the rebate amount. 3. The program includes base rebate levels that increase with the vehicle's gross weight, as well as bonus rebates for historically underserved community members, small businesses, independent owner-operators, transit authorities, and school districts. 4. The Environmental Improvement Board will promulgate rules to implement the program, including setting eligibility requirements, determining rebate levels, and establishing reporting and enforcement mechanisms. 5. The bill creates the Clean Truck Incentive Program Fund, which will be administered by the Department of Environment and funded by a $4.2 million appropriation from the federal Infrastructure Investment and Jobs Act.

Agriculture and Natural Resources

https://www.nmlegis.gov/Legislation/Legislation?chamber=H&legtype=B&legno=422&year=23