LOS
ANGELES, May 17, 2022 /CNW/ -- GreenPower Motor
Company Inc. (NASDAQ: GP) (TSXV: GPV) ("GreenPower"), a leading
manufacturer and distributor of zero-emission, electric-powered,
medium and heavy-duty vehicles, announced that its all-electric
school buses are eligible for rebates under the Environmental
Protection Agency ("EPA") Clean School Bus program of $500 million for this year. Under the EPA
program, qualified purchasers of GreenPower's Type D BEAST
all-electric school bus are eligible for a rebate of up
$375,000 and up to $285,000 for GreenPower's Type A Nano BEAST
all-electric school bus. Online applications are expected to open
later this month.
EPA's new Clean School Bus Program provides five billion dollars over five years (FY
2022-2026) to replace existing school buses with clean and
zero-emission models to help bring healthier transportation
solutions to students around the country. GreenPower's innovative
technologies can help school districts drive down fuel costs and
minimize maintenance costs while delivering outstanding reliability
and efficiency.
The EPA recently announced that they will be accepting online
applications from May to August 2022.
A review and selection process will commence in September and
applicants will be advised of their status in October, and selected
school districts are required to order electric or low-emission
school buses by April 2023 to qualify
for the rebates.
"While the program is not first-come first-served it is
important to start this process as soon as possible," said
Michael Perez, Director of Contracts
and Grants at GreenPower. "GreenPower remains committed to
providing a better, cleaner and safer transportation future and has
the knowledge and expertise in successfully working with incentive
programs. We are here to navigate interested school districts
through the process."
Interested parties should contact michael@greenpowermotor.com
for more information on GreenPower's all-electric school buses and
how to navigate the application process.
"GreenPower is actively and successfully building out our dealer
network across the nation to cover key states along with those
jurisdictions that have mandates to electrify school bus fleets,
including most recently in the states of Washington and Mississippi," said Joe
Angeli, Business Development – School Buses at GreenPower.
"We are well positioned to take advantage of the program from the
EPA and deploy electric school buses on the ground."
GreenPower's dynamic duo of purpose-built, all electric school
buses includes The BEAST, a 40-foot, 90 passenger
capacity, Type D school bus and The Nano BEAST, a 25-foot Type A
school bus which is available with standard seating or with
ADA.
Both the BEAST and Nano BEAST have a class-leading range of up
to 150 miles with a monocoque chassis design and are built from the
ground up to be battery-electric. The vehicles can charge up to 20
kW on a standard J1772 protocol or DC fast charge. Infrastructure
funding from the EPA covers Level 2 charging systems.
Contacts
Brendan Riley
President
(510) 910-3377
Michael Perez
Director of Contracts and Grants
(909) 308-0960
Mike Cole
Investor Relations
(949) 444-1341
Megan Kathman
Skyya PR for GreenPower
(651) 785-3212
megan@skyya.com
About GreenPower Motor Company Inc.
GreenPower
designs, builds and distributes a full suite of high-floor and
low-floor all-electric medium and heavy-duty vehicles, including
transit buses, school buses, shuttles, cargo van, and a cab and
chassis. GreenPower employs a clean-sheet design to manufacture
all-electric vehicles that are purpose built to be battery powered
with zero emissions while integrating global suppliers for key
components. This OEM platform allows GreenPower to meet the
specifications of various operators while providing standard parts
for ease of maintenance and accessibility for warranty
requirements. GreenPower was founded in Vancouver, Canada with primary operational
facilities in southern California.
Listed on the Toronto exchange
since November 2015, GreenPower
completed its U.S. IPO and NASDAQ listing in August 2020. For further information go
to www.greenpowermotor.com
Forward-Looking Statements
This document
contains forward-looking statements relating to, among other
things, GreenPower's business and operations and the environment in
which it operates, which are based on GreenPower's operations,
estimates, forecasts, and projections. Forward-looking statements
are not based on historical facts, but rather on current
expectations and projections about future events, and are therefore
subject to risks and uncertainties which could cause actual results
to differ materially from the future results expressed or implied
by the forward-looking statements. These statements generally can
be identified by the use of forward-looking words such as "upon",
"may", "should", "will", "could", "intend", "estimate", "plan",
"anticipate", "expect", "believe" or "continue", or the negative
thereof or similar variations. These statements are not guarantees
of future performance and involve risks and uncertainties that are
difficult to predict or are beyond GreenPower's control. A number
of important factors, including those set forth in other public
filings (filed under the Company's profile on www.sedar.com), could
cause actual outcomes and results to differ materially from those
expressed in these forward-looking statements. Consequently,
readers should not place any undue reliance on such forward-looking
statements. In addition, these forward-looking statements relate to
the date on which they are made. GreenPower disclaims any intention
or obligation to update or revise any forward-looking statements
whether as a result of new information, future events or
otherwise.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. All amounts are in U.S. dollars © 2022
GreenPower Motor Company Inc. All rights reserved.
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SOURCE GreenPower Motor Company