Our Transportation and Logistics Industry Group is closely monitoring the progress of the Environmental Mitigation Trust that was created as a result of litigation with the U.S. Environmental Protection Agency and Volkswagen. The total grant funding is $ 2.9 billion that will be available beginning in fall 2017. The grants will be administered by each of the 50 States’ Department of Environmental Protection or their environmental agency.
The grants will cover eligible expenditures to replace or repower existing vehicles or equipment with new diesel, alternative fuel or electric vehicles, engines or equipment. The grants are expected to cover between 25% to 75% of the costs.
Eligible Mitigation Expenditures repower or replacements include:
On-road vehicles Fleet Project
Class 8 local freight trucks and port drayage trucks
Class 4-8 school bus, shuttle bus or transit bus
Class 4-7 local freight trucks
Non-road / off- road equipment
Forklifts and port cargo handling equipment
Ocean going vessels shore power
Airport ground support equipment
Diesel Emission Reduction Act Fleet Projects
Additional projects under the DERA may be eligible
Light-duty, zero emission vehicle supply equipment
There are significant amounts of money for each of the states’ trust funds that will be available. For example:
Pennsylvania - $110 million
Ohio - $71 million
West Virginia - $11 million
New York - $117 million
Indiana - $38 million
The formal requirements, funding and procedures will become more clear as each state gets approval for their Beneficiary Mitigation Plan and the grant application process is established.
We will provide updates as the information becomes available into the fall of 2017. For information, you can contact a member of the Transportation and Logistics Team listed below to discuss the opportunity:
John Popies – Shareholder (412) 697-5201
Dan Phillips – Shareholder (412) 697-5299
Mike Renzelman – Shareholder (614) 586-7203
Jim Gilboy – Senior Manager (412) 697-5249
You’ve heard our thoughts… We’d like to hear yours
The Schneider Downs Our Thoughts On blog exists to create a dialogue on issues that are important to organizations and individuals. While we enjoy sharing our ideas and insights, we’re especially interested in what you may have to say. If you have a question or a comment about this article – or any article from the Our Thoughts On blog – we hope you’ll share it with us. After all, a dialogue is an exchange of ideas, and we’d like to hear from you. Email us at [email protected].
Material discussed is meant for informational purposes only, and it is not to be construed as investment, tax, or legal advice. Please note that individual situations can vary. Therefore, this information should be relied upon when coordinated with individual professional advice.