Nikola Tre green lit for incentives across New York State
Nikola Motor announced that its Tre battery-electric truck has been deemed eligible for the New York Truck Voucher Incentive Program. The NYTVIP provides impressive financing to those who purchase or lease medium- and heavy-duty battery electric vehicles.
With this approval, buyers of the Nikola Tre BEV can now qualify for an incentive valued at up to $185,000 per truck, with a scrappage requirement. However, there is a cap so that incentives are subject to a first-come, first-served basis, says Nikola. A valid signed purchase order (or equivalent binding agreement) is required to apply.
NYTVIP is administered by the New York State Energy Research and Development Authority (NYSERDA). Still, Nikola asks interested partners to connect to a certified dealer online that can help guide them through the application process.
In addition to New York, Nikola is also registered in California as part of the Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project (HVIP) program by the California Air Resources Board (CARB).
“By qualifying for both California’s and New York’s incentive programs, Nikola is able to make an impact on two major markets with high commercial traffic volume,” said Michael Erickson, Nikola’s Global Head, Strategic Business Planning.
The Nikola Tre is a Class 8 battery-electric truck. The 753 kWh battery pack claims a 350-mile range.
The company started producing the Tre at is Arizona factory this March. The current production capacity is up to 2,400 trucks in two shifts at Coolidge. The company plans to deliver 300 to 500 of the battery-electric tractor units by the end of this year, subject to better availability of critical components. Nikola estimates that manufacturing capacity will grow to around 20,000 trucks by the first quarter of 2023.
In recent news, Walmart US opted for the Nikola Tre to enter a trial in their US operations along Daimler’s eCascadia built by Freightliner.