Crosspoint Kinetics announced that its hybrid electric vehicle system has been approved for inclusion in the New York State Energy Research & Development Authority (NYSERDA) Voucher program.
Inclusion means owners of private and non-profit, Class 3-8 bus and light truck fleets that operate in the New York City area can now get up to 80% of the system’s cost reimbursed as part of an ongoing initiative to reduce noxious emissions in the region, Crosspoint Kinetics said.
Six million dollars has been earmarked for the New York City Alternative Fuel Vehicle - Voucher Incentive Fund (NYCAFV-VIF). This program of the New York State Energy Research & Development Authority (NYSERDA), in partnership with the New York City Department of Transportation (NYCDOT), the New York State Dept. of Transportation (NYSDOT), and CALSTART, is the second such funding program in the New York Truck Voucher Incentive Program and the first to allow electric hybrids.
To qualify for up to $40,000 per truck, the vehicles must be converted to electric, hybrid electric or compressed(CNG) and must spend at least 70% of their time operating in the five boroughs of New York City.
Fleets can submit a voucher request through an approved dealer such as Shepard Brothers, Alliance Bus or others.
Fleets have reported up to 30% more miles per gallon and a comparable reduction in emissions when the hybrid is used in heavy start/stop duty cycles like those found in New York City, the company said.
It is a “bolt-on” hybrid system engineered to easily install and use with minimal driver training and no extra steps for the driver to take.
“These vouchers are a great way to encourage fleets to go green and reduce vehicle pollution around New York City,” said Larry Zepp, chief technologist for Crosspoint Kinetics. “By reducing the initial cost of the systems, fleets will be able to see a substantial return on their investment in a year or less meaning that it really does pay to be environmentally conscious.”
For more information on NYCAFV-VIF program rules and requirements, visit https://truck-vip.ny.gov/.