Nikola Corporation announced that its Nikola Tre battery-electric vehicle (BEV) has been deemed eligible for the Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project ("HVIP") program by the California Air Resources Board ("CARB"). With this approval, purchasers of the Nikola Tre BEV can now qualify for an incentive valued at $120,000 per truck, helping to reduce the total cost of ownership for any purchaser operating in the state of California. Launched by the California Air Resources Board in 2009, HVIP is the earliest model in the U.S. to demonstrate the function, flexibility, and effectiveness of a limited pool of first-come first-served incentives that reduce the incremental cost of clean commercial vehicles. HVIP is administered by CALSTART, a national clean transportation nonprofit consortium, on behalf of CARB. With a range of up to 350 miles, the Nikola Tre BEV is expected to have the longest range among the current HVIP eligible Class 8 tractors. The Tre's cabover design is ideal for metro-regional applications because it has improved visibility and maneuverability, along with a smooth and quiet ride free of the smell of diesel emissions.