Guiding Fleets to EV Grants & Incentives
Merchants’ EV team includes specialists that solely focus on discovering and assisting organizations apply for qualifying grants, rebates, and incentives to help reduce the cost of their EV fleet. One unique and innovative incentive the Merchants EV Team identified pays commercial fleets to learn more about EVs in an EV Feasibility Study. Salt River Project, or SRP, is a community-based, not-for-profit organization providing affordable water and power to more than 2 million people in central Arizona as well as providing grants and rebates to businesses for energy savings.
This program compares internal combustion engine (ICE) vehicles to EVs, considering variables such as Total Cost of Ownership (TCO) that includes maintenance costs, fuel costs, and environmental impact. If a commercial fleet decides to purchase, lease, or rent EVs after the study is complete, they will be awarded more money. The total potential for this particular incentive is $14,000 – $20,000 depending on the number and type of vehicles studied (light, medium, and/or heavy duty).