Business
GreenPower Vehicles Eligible for up to $150,000 in Funding From Transport Canada's iHMZEV Program
Thirteen GreenPower Vehicle Models Listed Under the iHMZEV Program VANCOUVER, BC, July 20, 2022 /PRNewswire/ -- GreenPower Motor Company Inc. (NASDAQ: GP)
About this update from Greenpower Motor Company Inc.
[{"type":"text","content":"Thirteen GreenPower Vehicle Models Listed Under the iHMZEV Program\nVANCOUVER, BC, July 20, 2022 /PRNewswire/ -- GreenPower Motor Company Inc. (NASDAQ: GP) (TSXV: GPV) (\"GreenPower\"), a leading manufacturer and distributor of zero-emission, electric-powered, medium and heavy-duty vehicles, today announced that its customers in Canada can now receive funding under Transport Canada's newly launched incentive program for Medium and Heavy-Duty Zero-Emission Vehicles (iMHZEV). Thirteen of GreenPower's vehicle models are eligible for incentives from $75,000 up to $150,000 including the EV Star vehicle line up and shuttle buses.\n\n \n \n \n \n \n \n\n \nOn July 11, 2022, the Canadian government, through Transport Canada, announced nearly $550 million in funding for the purchase or lease of medium and heavy-duty vehicles through the iMHZEV Program. The incentives are available for up to 10 eligible vehicles per calendar year purchased or leased by Canadian organizations (for profit and non-profit), provinces, territories, and municipalities incentives at the point of sale.\nPurchasers in British Columbia may also apply for the Specialty Use Vehicle Incentive (SUVI) for a rebate of up to $100,000. These can be combined or stacked with the iMHZEV incentives up to 75% of the purchase price for GreenPower vehicles.\nEligible GreenPower vehicles listed under the iMHZEV Program include the EV Star Cargo, EV Star Max seating, EV Star ADA, EV250 thirty-foot shuttle and EV350 forty-foot shuttle.\n\"GreenPower can assist customers now in applying for the incentives and navigating the application process,\" said Fraser Atkinson, CEO of GreenPower. \"The iMHZEV Program opens up availability in the market for our EV Star Cargo and EV Star for shuttle operations. Our customers can also purchase the EV Star Cab and Chassis to build their own body specific to their needs and requirements. GreenPower has delivered hundreds of its proven EV Star to customers with more than 1,600 additional vehicles on order.\"\nGreenPower and Media Contacts: Fraser AtkinsonCEO(604) 220-8048\nMichael PerezVice President School Bus, Contracts and Grants(909) 308-0960\nAllie PotterSkyya PR for GreenPower(218) [email protected] \nAbout GreenPower Motor Company GreenPower designs, builds and distributes a full suite of high-floor and low-floor all-electric medium and...