Clean Transportation and Infrastructure Financing

Efficiency Maine Trust administers the Maine Clean Energy and Sustainability Accelerator (Accelerator) to finance qualified alternative fuel vehicle (AFV) projects, including the purchase of battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), hydrogen, and other zero emission vehicles (ZEVs), and associated vehicle charging and fueling infrastructure. Recipients must direct 40% of funds towards “vulnerable communities”, including low-income communities and households, communities of color, and tribal communities.

The Accelerator must also establish a financing program to provide low- and zero-interest loans to schools, municipalities, and non-profit organizations to purchase ZEVs and associated fueling infrastructure. The Accelerator must publish an annual report, including greenhouse gas emission reductions resulting from investments.

(Reference Maine Revised Statutes Title 35-A, Section 10129)