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GreenPower's BEAST and Nano BEAST All-Electric School Buses Eligible for Purchase Under Today's EPA Announcement
SOUTH CHARLESTON, W.Va., Oct. 26, 2022 /PRNewswire/ -- GreenPower Motor Company Inc. (NASDAQ: GP) (TSXV: GPV) ("GreenPower"), a leading manufacturer and
About this update from Greenpower Motor Company Inc.
[{"type":"text","content":"SOUTH CHARLESTON, W.Va., Oct. 26, 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 lauded the U.S. Environmental Protection Agency (EPA) for its announcement of the selectees that are eligible for nearly $1 billion in funding to school districts across the nation to cause the transition to zero-emission school buses. The funding represents the first offering under the five-year, $5 billion Clean School Bus Program created by the Bipartisan Infrastructure Law passed last year.\n\n \n \n \n \n \n \n\n \nUnder the EPA announcement, the Type D GreenPower BEAST all-electric school bus is eligible for $375,000 in grant funding through the program for priority school districts and the Type A all-electric GreenPower Nano BEAST is eligible for $285,000 in grant funding in the priority districts. With either Type GreenPower school bus, an additional $20,000 in federal grant funding will be awarded by the EPA for each GreenPower all-electric school bus purchased in the priority districts for charging infrastructure. GreenPower has both BEASTs and Nano BEASTs manufactured and in inventory ready for immediate sale, delivery and deployment under the program.\n\"The funding under the Clean School Bus Program will transform the nation's school bus fleet,\" said GreenPower President Brendan Riley. \"Accelerating the transition to clean, zero-emission school buses will result in reduced pollutant levels and a healthier ride for kids. GreenPower is pleased to be the leader in this transition through the deployment of its BEAST and Nano BEAST all-electric, zero-emission school buses nationwide.\"\nNearly 26 million children ride 480,000 buses to school in the United States each day. Those buses travel almost six billion miles a year and kids spend three billion hours on them. About 95 percent of these buses run on diesel fuel, annually emitting 3,000 tons of cancer-causing soot and 95,000 tons of smog-causing compounds.\n\"The majority of the nation's current school bus fleet expel tons of toxins into the air releasing harmful substances, including hydrocarbons, carbon monoxide and other hazardous pollutants that adversely affects children's health and academic performance,\" Riley continued. ...