Business
New Jersey Zero Emissions Incentive Program Approves Voucher Purchase of $97,750 for One Envirotech Vehicle
OCESOLA, AR / ACCESSWIRE / June 10, 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 10, 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 $97,750 toward the purchase of one of the Company's Class 4 C5000 cutaway logistics vans. To date, under this program, Envirotech Vehicles' customers have received voucher grants toward the purchase of 32 vehicles with a total value of $2,749,000.Phillip Oldridge, CEO of Envirotech Vehicles, commented, \"We continue to gain traction as an approved vendor for the NJ ZIP program with yet another voucher approval for the purchase of one of our state-of-the-art Class 4 cutaway vans. We are pleased to be able to offer our vehicles to businesses throughout the state of New Jersey that are looking to modernize their fleets with environmentally friendly, zero-emission transportation alternatives, and we look forward to additional opportunities as an approved vendor of the Program.\"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 ...