$125 million
financial assistance vouchers are available to California off-road equipment users
looking to purchase a new electric tractor
WINDSOR,
Calif., July 25, 2022 /PRNewswire/
-- Solectrac, maker of electric tractors and an operating
company of Ideanomics (NASDAQ: IDEX), today announced that its
popular e25 compact electric tractor is now eligible for the Clean
Off-Road Equipment (CORE) Voucher Incentive Program. Vouchers for
Solectrac's e25 tractors are available immediately to provide
financial assistance to California
businesses and government agencies. The CORE Voucher Incentive
Program is a $125 million project
encouraging off-road equipment users to move to zero-emission
options.
Often upfront costs inhibit conversion to electric tractors even
though over the life of the machine, Solectrac electric tractors
provide substantial cost savings when compared to diesel," explains
Mani Iyer, CEO of Solectrac. "The
CORE vouchers will help offset the upfront cost of purchasing an
electric tractor in comparison to similar diesel models. We work
with agencies around the country, so it is very exciting to have
our e25 be a part of California's
CORE Voucher Incentive Program."
CORE is instrumental in facilitating the transition to electric
off-road equipment, which is as important as on-road electric
vehicles in addressing climate change, lowering reliance on fossil
fuels, and implementing new technologies. CORE works with the
California Air Resources Board (CARB) to meet emissions goals and
improve air quality statewide. Solectrac's acceptance into the CORE
program illustrates the importance of including regenerative
agriculture in the movement towards electrifying off-road equipment
for the betterment of our climate as the e25 tractor offers a
cleaner, cost-saving alternative to diesel tractors.
CORE vouchers work as a point-of-sale discount and have no
scrappage requirement. Additional funding is available for charging
and fueling infrastructure and for equipment deployed in
disadvantaged communities. To request a CORE voucher for a
Solectrac e25 tractor, visit https://californiacore.org.
About Solectrac
Solectrac, Inc., located in
Northern California, has developed
battery-powered, electric tractors for agriculture and utility
operations. Solectrac tractors provide an opportunity for farmers
around the world to power their tractors by using the sun, wind,
and other clean, renewable sources of energy. The company's mission
is to offer farmers independence from the pollution,
infrastructure, and price volatility associated with fossil
fuels.
About Ideanomics
Ideanomics (NASDAQ: IDEX) is a global
group with a simple mission: to accelerate the commercial adoption
of electric vehicles. By bringing together vehicles and charging
technology with design, implementation, and financial services, we
provide solutions for the commercial world to commit to an EV
future. To keep up with Ideanomics, please follow the company on
social @ideanomicshq or visit: https://ideanomics.com.
Contacts:
Ideanomics, Inc.
Tony Sklar, SVP of Investor
Relations
1441 Broadway, Suite 5116, New York,
NY 10018
ir@ideanomics.com
Malory Van Guilder, Skyya PR for Ideanomics
malory@skyya.com
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SOURCE Solectrac