Are there requirements on how the revenue from selling LCFS credits is spent?

LCFS revenue generated from EV charging must be spent to further benefit vehicle electrification, but the regulation is purposely broad to allow flexibility in how the money is spent. For example, revenues can be used to offset costs from EV purchases and maintenance, charging infrastructure purchases and maintenance, electricity costs, and marketing or education on the benefits of electric transportation. Funds may also be earmarked for use in future vehicle electrification efforts. This spending requirement does not apply to other credit generating sources.

*Electric forklifts are not currently required to meet these LCFS credit spend requirements.