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Heavy-Duty Vehicle Charging Loan Program
Illinois — state programprojected average amount of $110,000 per borrower
A loan program funded by U.S. EPA Climate Pollution Reduction Grants (CPRG) designed to support small and medium-sized fleet and charging operators, commercial entities, municipal governments, educational institutions, and non-profits in deploying medium- and heavy-duty electric vehicle (EV) charging infrastructure. It aims to bridge financing gaps, reduce upfront costs, and facilitate equitable access to EV charging for those who struggle to secure funding through traditional financial channels.
Program details
- Type
- loan
- Amount
- projected average amount of $110,000 per borrower
- Eligibility
- Small and medium-sized fleet and charging operators, commercial entities, municipal governments, educational institutions, and non-profits. Eligible projects must support deployment of medium- and heavy-duty EV charging infrastructure (public and private Level 2 and Level 3/DC fast charging stations), align with Illinois' broader climate and clean transportation goals, and prioritize investments that enhance access to fleet charging infrastructure in communities.
- Status
- upcoming
- Administrator
- Illinois Climate Bank / Illinois Finance Authority
Source: Illinois — state program. Confirm current terms with the administering agency before applying.