GreenPower Motor Company (NASDAQ:GP) (TSXV:GPV) secured another 85 vouchers from the California HVIP program for 75 EV Star 22′ Cargo vans, eight EV Star Box Trucks and two EV Star 25′ Cargo vans. The vouchers will help small fleet operators get over the multiple barriers they face to zero-emission electric truck adoption, including high upfront costs. Also, the company’s tech and product range will help fleet operators reduce their fuel costs and minimize the maintenance overhead while still providing reliability and efficiency.
“GreenPower’s EV Star 22-foot cargo van has quickly become our highest demand vehicle. Incentive programs offered by California where we have the second highest redemptions and New Jersey where we have the highest approved vouchers are making a difference with the adoption of all-electric vehicles. With the existing vouchers we have a steady stream of deliveries of EV Stars to customers over the next couple of months. GreenPower remains committed to providing a better, cleaner and safer transportation future and has the knowledge and expertise in successfully working with incentive programs,” said Michael Perez, vice president of school bus, contracts and grants at GreenPower.
GreenPower is in the business of designing, building and distributing both high floor and low floor all-electric medium and heavy-duty vehicles, including transit buses, school buses, shuttles, cargo vans, electric trucks and a cab and chassis. It employs a clean-sheet design in its manufacturing of purpose-built battery powered and zero emission all-electric vehicles.
On top of what’s been stated above, the company has also delivered 15 EV Stars to customers with vouchers in New Jersey and California HVIP incentive programs this quarter and it has more deliveries scheduled for 55 EV Stars with leftover vouchers. These sales are on top of Workhorse and school bus sales and more vouchers from the New Jersey ZIP program.
GreenPower’s EV Star platform is a purpose-built, multi-utility, zero-emissions vehicle with a battery pack of 118 kWh providing a payload of up to 7,000 pounds and a range of 150 miles. The EV Star platform is used for a range of GreenPower passenger and cargo vehicles for mid and last-mile delivery needs and can charge up to 20 kW on a standard J1772 protocol or DC fast charge.
In July, the New Jersey Economic Development Authority announced it would be offering additional funding of USD$45 million as well as expanding the eligibility to include heavy duty vehicle classes and statewide expansion beyond the four pilot communities in the first phase.