Workhorse Launches Pricing Promotion on W56 Electric Step Vans

About this update from Workhorse Group, Inc.

Price reductions of up to $61,000 expected to make electric step vans a more attractive option for fleets impacted by high fuel prices DETROIT, April 07, 2026 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (NASDAQ: WKHS) (“Workhorse”), a North American OEM and provider of all-electric trucks, step vans, shuttles and buses, today announced a limited-time pricing promotion on its W56 electric step van lineup. Effective April 1 through September 30, 2026, customers can purchase W56 step vans at significantly reduced prices through any authorized Workhorse dealer. Promotional Pricing — April 1 through September 30, 2026: W56 Standard Wheelbase (178”), 210 kWh: New pricing starts at $196,000 (versus $255,000 prior to promotion) — a savings of $59,000W56 Extended Wheelbase (208”), 210 kWh: New pricing starts at $204,000 (versus $265,000 prior to promotion) — a savings of $61,000 This promotion is timed to help commercial fleets manage costs at a time when high fuel prices are driving costs for fleets, enabled, in part, by the initial synergies realized through Workhorse’s December 2025 merger with Motiv Electric Trucks. The combined company has worked to drive down production costs through economies of scale, operational and supply chain efficiencies and product roadmap-driven Bill of Materials (BOM) and build cost reductions. The W56 step van, with its spacious cargo capacity, demonstrated operating cost savings of 64 percent compared to internal combustion engines1, ergonomic design, reliability and durability, is designed to meet the needs of real-world duty cycles, driver usability, and long-term durability. Every model includes a fully-integrated, purpose-built composite body. Because Workhorse produces the W56 fully on site, it has greater control of the manufacturing process, which can result in lower costs and more predictable delivery timelines. The Standard 178" Wheelbase offers 1,000 cubic feet of cargo space and a payload of 10,000 lbs., while the Expanded 208" Wheelbase offers 1,200 cubic feet of cargo space and a payload of 9,000 lbs., making both configurations well-suited for the full spectrum of last-mile delivery needs. Workhorse recently announced a 140 kWh version of the W56 in both wheelbase options, with an estimated nominal range of 100 miles per charge, slightly more payload capacity, and a base price of $169,000. The lower cost 140 kWh model ...

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