The partnership aims to fill policy gaps and develop financing mechanisms to accelerate fleet renovations with soot-free and zero-emission vehicles.
P4G invested $100,000 in this partnership.
The partnership will develop financing mechanisms to allow large commercial fleets to partner with micro-enterprises to retrofit clean vehicles and scrap the oldest vehicles. It will engage with local and federal regulators to design and implement a set of policies and incentives. It will also evaluate the economic feasibility of the incentives and programs and share this knowledge and recommendations with other stakeholders like fleet operators, government officials and financial organizations.
Accelerate a zero-emission fleet transition