Electric Vehicles for Business  > ZETBIF

Zero Emissions Truck, Bus, and Infrastructure Finance Program (ZETBIF)

ZETBIF Program

The Zero Emissions Truck, Bus, and Infrastructure Finance Program (ZETBIF) helps remove the barriers to fleet electrification that SCE business customers can often face. By offering financing options through ZETBIF, fleet owners can access capital to help purchase new and used commercial electric vehicles and charging equipment.


ZETBIF

This unique partnership between lenders and ZETBIF seeks to unlock more than $80 million in capital specifically for fleets electrifying in SCE’s service area. ZETBIF provides access to capital that can help finance the upfront cost of electric vehicles and equipment which may not be fully covered by other incentives and funding programs. SCE’s goal is to remove barriers to electrification, including reducing the financial burden of electrification for fleets.

Asistencia de Subvenciones

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Hay muchas oportunidades de financiamiento para vehículos de cero emisiones que varían tanto en forma como en complejidad, especialmente en California. Las empresas pequeñas y medianas pueden enfrentar una serie de desafíos cuando se trata de asegurar el capital para hacer crecer un negocio o invertir en nueva tecnología. TE Advisory Services ayudará a las flotas calificadas a solicitar subvenciones que financien la adquisición de vehículos eléctricos (EVs). Obtenga más información con nuestro Folleto de Asistencia de Subvenciones y complete nuestro formulario en línea hoy para descubrir cómo podemos ayudarlo.

For ZETBIF Borrowers

Through ZETBIF-enrolled lenders, fleet owners can access capital to assist their acquisition of medium- and heavy-duty electric vehicles and EV charging equipment.

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ZETBIF Applicant Eligibility

Fleets of all sizes are eligible for this innovative financing program. To apply for a ZETBIF loan, applicants must meet all requirements below:

  • Active SCE customer; and
  • Located in a Disadvantaged Community (DAC) or a rural community; and
  • The customer’s primary business and at least 51% of its employees or business income, sales, or payroll must be in California; and
  • Not a Fortune 1000 business

For ZETBIF Lenders

Any bank or institution lending to fleet owners in SCE’s service area can participate in the ZETBIF Program by enrolling as a Participating Financial Institution (PFI) in CalCAP ZETBIF with the California Pollution Control Financing Authority (CPCFA).

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ZETBIF Lenders

For more information on how to become a participating lender, please visit the California Capital Access Program (CalCAP) website.

What Vehicles and Equipment Are Covered Under ZETBIF?

New and used battery-electric trucks, buses, and EV charging equipment are all eligible for ZETBIF including:

  • Class 2b-8 Vehicles (Over 8,500 GVWR)
  • New Vehicles and Used Vehicles
  • Retrofits and Repowers
  • EV charging stations on the Approved Product List (APL)

How to Apply for Financing

Are you ready to take the next step? To leverage the ZETBIF Program, SCE business customers apply directly to participating ZETBIF lenders.

SCE funds the ZETBIF Program using non-ratepayer funds and connects SCE customers with private sector lenders. SCE is not the institution responsible for establishing the loan loss reserve or for making loans to its customers.


Review Participating Lenders

To begin the process, SCE business customers can find participating ZETBIF lenders here.

Apply for a ZETBIF-Backed Loan

To apply for financing, SCE business customers should reach out to a participating lender and complete the lending institution’s application forms.

Qualify for Financing

Once qualified, the lender will use standard underwriting practices to prepare all relevant loan documentation. Once executed, the lender will disburse funds to the customer directly.

ZETBIF Fact Sheet

Find out more about how the Zero Emissions Truck, Bus, and Infrastructure Finance Program (ZETBIF) works, who qualifies, and how to take the next step to apply for and secure a flexible loan for your fleet.

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