Forum Mobility has partnered with Climate United to launch a low-cost truck leasing program designed to help fleets transition to zero-emission trucking. This program offers leasing options for Class 8 electric trucks at the most competitive rates on the market.
These electric trucks will primarily serve drayage communities, with an initial rollout in the Southern California market. Drayage companies operating out of the Port of Long Beach or Port of Los Angeles will be among the first to benefit.
Through the Climate United Fund, up to $250 million has been committed to acquiring 500 Class 8 electric trucks. Climate United, a national nonprofit coalition, is leveraging $6.97 billion from the U.S. Environmental Protection Agency’s National Clean Investment Fund program to drive this initiative.
Forum Mobility is also providing an affordable charging solution to pair with each electric truck lease, making the switch to electric seamless for fleet operators.
Interested in the lowest electric truck lease rates in the market? Contact us to find out if your fleet qualifies.
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Behind Climate United’s historic $250M electric truck buy
Climate United’s plan to spend $250 million to purchase 500 Class 8 electric trucks makes a great headline. But beyond the benefit to owner-operators and small fleets, the impact involves the future of zero-tailpipe-emission freight hauling.
Climate United Launches Historic $250M Electric Drayage Truck Program to Provide Affordable, Accessible Financing for Zero-Emission Vehicles
Today, Climate United announced a new program to offer affordable leasing options to small fleets and independent operators to lower operational costs and reduce air pollution in port communities, beginning at the Ports of Long Beach and Los Angeles with the intention to expand nationally.
Port of Oakland awarded historic $322 million EPA grant
The U.S. Environmental Protection Agency (EPA) has awarded the Port of Oakland $322 million to fast track the Oakland Seaport’s conversion to nearly 100 percent zero-emissions cargo handling operations.
FAQs
Who can participate?
This program will prioritize small fleet operators of Class 8 drayage trucks. Fleets of all sizes are encouraged to contact Forum Mobility to learn how they can participate. The initial focus will be on operators serving California ports.
When will the program be open?
Interested parties should contact Forum Mobility to learn more about the program and become pre-qualified for access to truck financing and charging once it opens.
How does this differ from other programs?
No other program combines the most affordable truck financing with dedicated charging infrastructure. Climate United, a non-profit, receives $7B in funding from the EPA. It provides low-cost lease financing by taking on residual value risk, monetizing the $40,000 tax credit with a 45W benefit, and passing those savings on to the customer. The program leverages existing vehicle incentive programs to provide a solution competitive with diesel. Forum Mobility’s dedicated charging solution offers operators reliable charging in convenient locations.
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