Business
GreenPower Motor Company Chooses New Mexico for Advanced EV Manufacturing Facility
State to provide assistance for strategic investment that will create more than 340 jobs and generate over $200 million in economic impact while supporting
About this update from Greenpower Motor Company Inc.
[{"type":"text","content":"State to provide assistance for strategic investment that will create more than 340 jobs and generate over $200 million in economic impact while supporting state's energy goalsGovernor Michelle Lujan GrishamEDD Cabinet Secretary Rob BlackEDD Deputy Cabinet Secretary Isaac RomeroGreenPower CEO Fraser AtkinsonGreenPower President Brendan RileySANTA FE, N.M., Jan. 8, 2026 /PRNewswire/ -- Electric vehicle manufacturer GreenPower Motor Company (NASDAQ: GP) today announced they have reached an agreement with the New Mexico Economic Development Department (EDD) to establish operations in Santa Teresa, NM. \n \n \n \n \n \n \n \nInternationally headquartered in Vancouver, Canada, with current operational facilities in southern California and West Virginia, GreenPower is a leading manufacturer and distributor of all-electric, purpose-built, zero-emission medium and heavy-duty vehicles serving the cargo and delivery market, shuttle and transit space, and school bus sector.The new 135,000 sq. ft. facility in Santa Teresa will become the company's base for North American operations and US corporate headquarters. The move is estimated to generate over $200 million in economic impact for New Mexico over the next decade, creating more than 340 jobs.The company will receive a $5 million LEDA award from the state and $4.6 million in job training incentive funds (JTIP). The company also qualified for a $1.36 million Rural Jobs Tax Credit (RJTC) and $3.65 million as part of New Mexico's High-Wage Jobs Tax Credit program.\"Establishing GreenPower's new manufacturing facility in Santa Teresa marks a significant milestone in our expansion and commitment to safe, sensible, sustainable transportation solutions,\" said Fraser Atkinson, CEO of GreenPower. \"This strategic move leverages the region's highly skilled and dedicated workforce, which has long been recognized as a key driver of economic growth and innovation in southern New Mexico.\"Santa Teresa's Foreign Trade Zone designation was a key factor in the company's decision, offering streamlined customs and cost-effective trade that support efficient production and distribution of zero-emission vehicles across North America. The designation also provides access to the North American Development Bank, underscoring the project's cross-border economic and environmental impact.These incentives and prog...