GFO-24-603 – California’s Electric Vehicle Charger Reliability and Accessibility Accelerator (EVC RAA) Program
Highlights
This program is designed with businesses like yours in mind. By applying, you can receive financial assistance to enhance the electric vehicle charging infrastructure at your location. This means you can improve charger reliability and accessibility, making it easier for your customers to use your services. When your chargers work better and are more accessible, you not only serve more customers but also position your business as a leader in sustainability and innovation.
Funding from this program is a unique opportunity. There’s no strict payback period, which allows you to focus on improving your offerings without the stress of immediate repayment. Investing in this initiative could lead to increased customer satisfaction and potentially higher foot traffic at your business, benefiting your bottom line.
Applying is straightforward, with no complicated qualifications that might hold you back. This is a chance to be part of the growing electric vehicle revolution while enhancing your business for the future. Don’t miss this opportunity to elevate your services and attract more customers.
Financing Details
The financing offered through this program is a grant, meaning you do not have to repay the funds. This is an excellent opportunity for your business as you can access capital without the burden of debt.
Repayment Terms and Interest Rates: Since this is a grant, there are no repayment terms or interest rates to worry about. You receive the funds to invest in your business without any future financial obligations.
Eligible Expenses: The funds can be used for a variety of expenses related to ports listed on the Federal Highway Administration’s (FHWA) Final List and Final List Addendum of Non-Operational Chargers. This includes costs such as equipment purchases, infrastructure development, and other direct costs associated with the specified projects.
Ineligible Expenses: These funds cannot be used for unauthorized expenditures like purely operational costs, indirect costs, or any expenses unrelated to the stated projects.
Additional Fees: There are no fees associated with this grant program, so you can utilize the full amount for your business needs without any hidden costs.
Qualifications
Must operate in specific ports listed on the Federal Highway Administration’s Final List of Non-Operational Chargers.
Disqualifications:
Businesses not operating in the listed ports are not eligible for the program.
Description
This program offers funding specifically for ports identified on the Federal Highway Administration’s list of Non-Operational Chargers. By participating in this initiative, your business can receive financial assistance to improve the reliability and accessibility of electric vehicle chargers. This funding is intended to enhance the services you provide, making it easier for electric vehicle users to access charging stations at your location.
You can use this funding for various improvements that promote charger functionality and accessibility, allowing you to serve more customers efficiently. While exact amounts of funding have yet to be determined, this is a great chance to invest in the future of electric vehicle infrastructure and position your business as a leader in sustainability.
The terms are straightforward: there’s no strict payback period tied to this funding, giving you the freedom to focus on enhancing your services without the immediate pressure of repayment. It’s about creating a more reliable charging network, which can lead to increased customer satisfaction and potentially higher foot traffic at your ports.
Program Steps
Gather Necessary Documents
- Business registration or incorporation documents
- Tax identification number (EIN or SSN)
- Financial statements for the last two years (profit & loss statement, balance sheet)
- Proof of your port's location on the Federal Highway Administration’s list of Non-Operational Chargers
- A detailed plan of proposed improvements for the electric vehicle chargers
Complete the Application Form
- Fill out the application form accurately, providing all required information.
Submit Your Application
- Send your completed application and supporting documents through the designated submission method outlined on the program website.
Track Your Application Status
- Keep an eye on your email for updates regarding your application status.
Prepare for Possible Follow-ups
- Be ready to provide additional information or clarification if requested by program officials.
Receive Funding Decision
- Wait for the final decision on your application. If approved, review the funding terms and conditions.
Implement Your Improvements
- Once funding is received, begin implementing the planned improvements to your electric vehicle charger infrastructure.
Report on Progress
- Follow any reporting requirements to demonstrate how funds are being utilized and the impact of your improvements.