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DM EVS Expands Operations to Ontario
Toronto, Ontario--(Newsfile Corp. - July 20, 2023) - Datametrex AI Limited  (TSXV: DM) (FS...
About this update from Datametrex Ai Ltd.
[{"type":"text","content":"DM EVS Expands Operations to OntarioToronto, Ontario--(Newsfile Corp. - July 20, 2023) - Datametrex AI Limited (TSXV: DM) (FSE: D4G) (OTCQB: DTMXF) (the \"Company\" or \"Datametrex'') is pleased to announce a significant milestone in its electric vehicle (EV) solutions division as its wholly-owned subsidiary, Datametrex Electric Vehicle Solutions Inc. (\"DM EVS\"), expands operations to Toronto, Ontario.As part of the Company's long-term growth strategy, DM EVS has expanded its operations to Toronto and has secured a location for the installation of its EV charging infrastructure. Additionally, DM EVS has started the installation and permit process, marking a crucial step toward entering Toronto's electric vehicle charging market.DM EVS can take advantage of Toronto's EV Station Fund, which provides refunds of up to 50% of the installation cost for up to 20 EV charging stations, to a maximum of $5,000 per Level 2 charger, $15,000 per DC fast charger and $50,000 per DC faster+ charger. This program will allow DM EVS to expand in Toronto by installing EV infrastructure to increase business and profit while maintaining stable finances due to rebates. (Source: https://www.toronto.ca/services-payments/water-environment/environmentally-friendly-city-initiatives/reports-plans-policies-research/electric-vehicles/).The City of Toronto reports that approximately 32.5% of greenhouse gas emissions in Toronto are from on-road transportation and that switching from fossil fuel-powered vehicles to electric vehicles is important for meeting the City's goal of achieving net zero greenhouse gas emissions by 2040. Furthermore, the City reports that 30% of registered vehicles in Toronto are electric with a growing rate, and reports a high demand for electric vehicle charging infrastructure to support the City's goal for a greener city. (Source: https://www.toronto.ca/services-payments/water-environment/environmentally-friendly-city-initiatives/reports-plans-policies-research/electric-vehicles/).Additionally, DM EVS has made great strides in its Vancouver EV operations, where several charging locations are now in the final stages of the permit process. Despite experiencing a delay due to the backlog from the City of Vancouver, DM EVS is thrilled to report that its sales pipeline is expanding while waiting on the permit for these locat...