Envirotech Vehicles Delivers 2 Vans to D&S Management Consulting

Rhea-AI Summary

Envirotech Vehicles, Inc. (NASDAQ:EVTV) has announced the delivery of two electric vans to D&S Management Consulting LLC in Newark, supported by New Jersey's Zero Emission Incentive Program (NJZIP). This program, funded by the NJ Economic Development Authority, offers up to $100,000 to incentivize businesses to transition to zero-emission vehicles. The CEO, Philip Oldridge, highlighted the importance of supporting local businesses in achieving sustainability goals, while D&S's owner noted the expected cost savings from using electric vans.

Positive

• Delivery of two electric vans expands Envirotech's market presence.
• Partnership with D&S Management Consulting supports local businesses and zero-emission initiatives.
• NJZIP program provides substantial financial incentives, encouraging adoption of electric vehicles.

Negative

• None.

OSCEOLA, AR / ACCESSWIRE / November 10, 2022 / Envirotech Vehicles, Inc. (NASDAQ:EVTV), a provider of new zero-emission, purpose-built electric vehicles (the "Company"), today announced that the Company has delivered two vans to D&S Management Consulting LLC., a Newark-based company in New Jersey, funded by New Jersey's Zero Emission Incentive Program ("NJZIP").

Philip Oldridge, Chief Executive Officer of Envirotech Vehicles, commented, "We're pleased to continue delivering vehicles under the New Jersey Zero Emission Incentive Program and support locally owned businesses like D&S Management Consulting as they convert to zero-emission transportation."

Susana Tuozzo, owner of D&S Management Consulting, expressed gratitude to the New Jersey Zero Emission Incentive Program and commented, "I'm very excited to partner with EVTV and be a part of the zero emission revolution. The logistics vans we received will expand our organization's reach and I look forward to the cost savings driving an EV will bring to our business for many years to come."

NJ ZIP is a $15 million pilot voucher program that supports businesses and institutions purchasing new, zero-emission vehicles operating in the greater Newark and greater Camden areas by offering up to $100,000 towards the purchase of battery-electric vehicles. The Program intends to fund 100 to 300 vouchers ranging in value from $25,000 to $100,000 for businesses and institutional organizations looking to transition their fleets to zero emissions. Bonuses are available for small businesses and minority-, women-, and veteran-owned businesses. NJ ZIP is funded by proceeds allocated to the New Jersey Economic Development Authority ("NJEDA") by the Regional Greenhouse Gas Initiative ("RGGI") for the purposes of reducing harmful emissions, especially in communities disproportionately impacted by transportation emissions, and creating economic opportunity within the state.

About Envirotech Vehicles
Envirotech Vehicles, Inc. is a provider of purpose-built zero-emission electric vehicles focused on reducing the total cost of vehicle ownership and helping fleet operators unlock the benefits of green technology. We serve commercial and last-mile fleets, school districts, public and private transportation service companies and colleges and universities to meet the increasing demand for heavy-duty electric vehicles. Our vehicles address the challenges of traditional fuel price cost instability and local, state and federal environmental regulatory compliance. For more information visit www.evtvusa.com.

Cautionary Statement Regarding Forward-Looking Statements
Statements made in this press release that relate to future plans, events, financial results, prospects or performance are forward-looking statements. While they are based on the current expectations and beliefs of management, such forward-looking statements are subject to a number of risks, uncertainties, assumptions and other factors that could cause actual results to differ materially from the expectations expressed in this press release, including the risks and uncertainties disclosed in reports filed by Envirotech Vehicles, Inc. with the Securities and Exchange Commission, all of which are available online at www.sec.gov. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements, including statements containing the words "planned," "expected," "believes," "strategy," "opportunity," "anticipated," "outlook," "designed," and similar words. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Except as required by law, Envirotech Vehicles undertakes no obligation to update or revise any forward-looking statements to reflect new information, changed circumstances or unanticipated events.

Contact Information
Investor Relations Contacts:
ICR, Inc.
New York, NY
Telephone: (646) 200-8873
Email: envirotech@icrinc.com

Envirotech Vehicles
Susan Emry, Executive Vice President
Telephone: (870) 970-3355 ext. 1001
Email: sue.e@evtvusa.com

Press Inquiries
Stephen Murdoch, VP PR
Telephone: (289) 241-3997
Email: smurdoch@enterprisecanada.com

Arkansas Press Inquiries
Kristen Nicholson, APR
Telephone: (501) 350-3658
Email: knicholson@mhpteamsi.com

SOURCE: Envirotech Vehicles, Inc

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https://www.accesswire.com/724948/Envirotech-Vehicles-Delivers-2-Vans-to-DS-Management-Consulting

FAQ

What is Envirotech Vehicles' recent delivery announcement on November 10, 2022?

Envirotech Vehicles delivered two electric vans to D&S Management Consulting, supported by New Jersey's Zero Emission Incentive Program.

How does the NJ Zero Emission Incentive Program (NJZIP) benefit businesses?

NJZIP offers vouchers up to $100,000 for businesses purchasing zero-emission vehicles, promoting sustainability and cost savings.

What is the significance of the delivery to D&S Management Consulting for EVTV?

The delivery showcases EVTV's commitment to supporting local businesses in transitioning to zero-emission transportation.

What does the CEO of Envirotech Vehicles say about this delivery?

CEO Philip Oldridge expressed support for local businesses converting to zero-emission transportation through NJZIP.