Business
New Jersey Zero Emissions Incentive Program Approves Voucher Purchase of $796,000 for Eight Envirotech Vehicles
OCESOLA, AR / ACCESSWIRE / June 21, 2022 / Envirotech Vehicles, Inc. (OTCQX:EVTV), a provider of new zero-emission, purpose-built electric vehicles (the
About this update from Envirotech Vehicles, Inc.
[{"type":"text","content":"OCESOLA, AR / ACCESSWIRE / June 21, 2022 / Envirotech Vehicles, Inc. (OTCQX:EVTV), a provider of new zero-emission, purpose-built electric vehicles (the \"Company\"), announced today that the New Jersey Zero Emissions Incentive Program (\"NJ ZIP or the \"Program\") has awarded one voucher with a total value of $796,000 toward the purchase of five of the Company's Class 4 C5000 cutaway logistics vans and three Class 4 trucks. To date, under this program, Envirotech Vehicles' customers have received voucher grants toward the purchase of 40 vehicles with a total value of $3,545,000.Phillip Oldridge, CEO of Envirotech Vehicles, commented, \"With this voucher, Envirotech Vehicles has now achieved over $3 million in total orders from NJ ZIP. Since our approval as a vendor last year, NJ ZIP has been a strong driver of our increasing sales numbers and we look forward to continuing to provide our best-in-class fleet of electric trucks and vans to businesses throughout New Jersey looking to make the switch to zero-emission transportation.\"NJ ZIP is a $15 million pilot voucher program that supports businesses and institutions purchasing new, zero-emission vehicles operating in the greater Newark and greater Camden areas by offering up to $100,000 towards the purchase of battery-electric vehicles. The Program intends to fund 100 to 300 vouchers ranging in value from $25,000 to $100,000 for businesses and institutional organizations looking to transition their fleets to zero emissions. Bonuses are available for small businesses and minority-, women-, and veteran-owned businesses. NJ ZIP is funded by proceeds allocated to the New Jersey Economic Development Authority (\"NJEDA\") by the Regional Greenhouse Gas Initiative (\"RGGI\") for the purposes of reducing harmful emissions, especially in communities disproportionately impacted by transportation emissions, and creating economic opportunity within the state.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. We serve commercial and last-mile fleets, school districts, public and private transportation service companies and colleges and universities to meet the increasing demand for heavy-duty electric vehic...