Business
Envirotech Vehicles Provides Update on NJ ZIP and California HVIP Deliveries
OSCEOLA, AR / ACCESSWIRE / April 24, 2023 / Envirotech Vehicles, Inc. (NASDAQ:EVTV), a provider of new zero-emission, purpose-built electric vehicles ("EVTV"
About this update from Envirotech Vehicles, Inc.
[{"type":"text","content":"OSCEOLA, AR / ACCESSWIRE / April 24, 2023 / Envirotech Vehicles, Inc. (NASDAQ:EVTV), a provider of new zero-emission, purpose-built electric vehicles (\"EVTV\" or \"Envirotech\"), announced today that so far in the month of April it has delivered two vehicles through the New Jersey Zero-Emission Incentive Program (\"NJ ZIP\") and one vehicle through the California Hybrid and Zero Emission Truck and Bus Voucher Incentive Project (HVIP).Phillip Oldridge, Chief Executive Officer of Envirotech Vehicles, commented, \"NJZIP and California's HVIP continue to be invaluable programs for EVTV and we are proud to continue our momentum with both of these. As we look ahead, we look forward to leveraging our contacts to try to place even more vehicles with customers through NJZIP and HVIP in 2023 than we did in 2022.\"NJ ZIP is a $90 million voucher pilot launched in 2021 by New Jersey Economic Development Authority (NJEDA) for Medium to Heavy Duty Zero-Emission Vehicles. Phase 1 of the program in 2022 resulted in $43 million in voucher applications received, representing approximately 400 vehicles. The program is funded by Regional Greenhouse Gas Initiative (RGGI) proceeds allocated to NJEDA for the purposes of reducing harmful emissions, especially in communities disproportionately impacted by transportation emissions, and creating economic opportunity within the state. The program will provide vouchers with base values ranging between $20,000 to $175,000.California's HVIP plays a crucial role in the deployment of zero-emission and near-zero-emission technologies. HVIP accelerates commercialization by providing point-of-sale vouchers to make advanced vehicles more affordable. Launched by the California Air Resources Board (CARB) in 2009, the project is part of California Climate Investments. HVIP is the earliest model in the U.S. to demonstrate the function, flexibility, and effectiveness of first-come first-served incentives that reduce the incremental cost of commercial vehicles. Vouchers have base values ranging between $7,500 and $120,000.About Envirotech VehiclesEnvirotech Vehicles, Inc. is a provider of purpose-built, zero-emission electric vehicles focused on reducing the total cost of vehicle ownership and helping fleet operators unlock the benefits of green technology. EVTV serves commercial and last-mile fleets, school districts, ...