2023–2024 Investment Plan Update for the Clean Transportation Program

The 2023–2024 Investment Plan Update for the Clean Transportation Program guides the allocation of program funding for Fiscal Year 2023–2024. It also includes general fund and Greenhouse Gas Reduction Fund allocations under the Budget Acts of 2022 and 2023, which project funding through 2027. Program funding, originally established in 2008 through Assembly Bill 118 (Núñez, Chapter 750, Statutes of 2007) and most recently reauthorized in 2023 through Assembly Bill 126 (Reyes, Chapter 319, Statutes of 2023), has averaged about $100 million per year. The California Energy Commission (CEC) reviews the proposed allocations annually and adjusts as needed.

This 2023–2024 Investment Plan is the fifteenth in the history of the program and reflects laws, executive orders, regulations, and other funding programs to reduce greenhouse gas emissions, petroleum dependence, and criteria pollution emissions for all Californians. Program priorities are determined with input from interested and affected groups, the Disadvantaged Communities Advisory Group, the Clean Transportation Program Advisory Committee, and CEC reports and analyses. These priorities are consistent with the program goal “to develop and deploy innovative technologies that transform California’s fuel and vehicle types to help attain the state’s climate change policies.”

This 2023–2024 Investment Plan Update establishes funding allocations based on identified needs and opportunities, including a focus on zero-emission vehicle infrastructure. The Investment Plan also prioritizes jobs, economic stimulus, and equity.

This Commission report is the last step in developing the 2023–2024 Investment Plan Update and was adopted at an Energy Commission business meeting on February 14, 2024.