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Bill > S05450


NY S05450

NY S05450
Establishes the zero-emission industrial trucks grant program to be administered by NYSERDA, to encourage the purchase and lease of zero-emission industrial trucks, class I to III.


summary

Introduced
02/21/2025
In Committee
02/21/2025
Crossed Over
Passed
Dead

Introduced Session

2025-2026 General Assembly

Bill Summary

AN ACT to amend the public authorities law, in relation to establishing the zero-emission industrial trucks grant program

AI Summary

This bill establishes a zero-emission industrial trucks grant program to be administered by the New York State Energy Research and Development Authority (NYSERDA) in conjunction with the Empire State Development Corporation. The program aims to provide financial incentives for businesses to purchase or lease zero-emission industrial trucks (Class I to III), which are vehicles that produce no pollutant or greenhouse gas emissions during operation. Eligible businesses can receive grants that cover at least 10% of the cost of these trucks, with grant amounts determined by factors such as vehicle type, energy source, and weight class. To qualify, the zero-emission trucks and their components must be primarily produced or assembled in the United States. The program will be funded through annual legislative appropriations and potentially other sources like the clean energy fund, with grants awarded based on available funding. The goal is to help businesses reduce their carbon footprint by transitioning to cleaner industrial transportation technologies.

Committee Categories

Transportation and Infrastructure

Sponsors (2)

Last Action

REFERRED TO ENERGY AND TELECOMMUNICATIONS (on 02/21/2025)

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