PARSIPPANY, N.J., April 21,
2023 /CNW/ -- GreenPower Motor Company Inc.
(NASDAQ: GP) (TSXV: GPV) ("GreenPower"), a leading
manufacturer and distributor of purpose-built, all-electric,
zero-emission medium and heavy-duty vehicles serving the cargo and
delivery market, shuttle and transit space and school bus sector,
today announced that the New Jersey Zero-Emission Incentive Program
(NJ ZIP) is open and available statewide. These financial
incentives will further the adoption of all-electric vehicles in
New Jersey by helping fleets to
transition to battery-electric vehicles.
NJ ZIP is a $90 million voucher
program launched by the New Jersey Economic Development Authority
for medium and heavy-duty zero-emission vehicles. GreenPower is an
approved NJ ZIP manufacturer which allows GreenPower's New Jersey customers to order vehicles under
the voucher program. The vouchers range from a base of
$65,000 for GreenPower's EV Star
vehicles up to $218,750 for the Type
D all-electric BEAST school bus. NJ ZIP offers additional vouchers
of 25% of the base voucher amount for small businesses, 10% for
overburdened communities and 4% for other eligible businesses.
"GreenPower's EV Star lineup of products is in strong demand under
the New Jersey ZIP program," said Claus
Tritt, Vice President of Medium Duty & Commercial
Vehicle Sales at GreenPower. "Our participation as an approved
manufacturer allows GreenPower to help the program reach its
all-electric adoption acceleration and zero-emission goals."
![GreenPower’s EV Star 22’ Cargo Van GreenPower’s EV Star 22’ Cargo Van](https://mma.prnewswire.com/media/2059897/GPVAN1Picture1.jpg)
The EV Star platform is comprised of several purpose-built,
multi-utility, zero-emission vehicles with a battery pack of 118
kWh, a payload of up to 6,500 pounds and a range of 150 miles. The
EV Star platform includes a range of GreenPower passenger vehicles
and cargo vehicles for mid and last-mile delivery needs. The EV
Star can charge up to 19.2kW using a Level 2 charger, or at a
higher rate using a DC fast charger.
"GreenPower remains committed to providing a better, cleaner and
safer transportation future," Tritt continued. "Our knowledge and
expertise in successfully working with such impactful incentive
programs like NJ ZIP puts GreenPower in a position to help its
customers and others navigate through the voucher program for
maximum impact."
Interested parties should contact sales@greenpowermotor.com for
additional information on leveraging the vouchers to purchase
GreenPower's all-electric, purpose-built vehicles or to request
assistance navigating the voucher application process.
Contacts
Claus Tritt
Vice President of Medium Duty & Commercial Vehicle Sales
Claus.t@greenpowermotor.com
Allie Potter
Skyya PR for GreenPower
(218) 766-8856
greenpower@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 © 2023
GreenPower Motor Company Inc. All rights reserved.
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SOURCE GreenPower Motor Company