Envirotech Vehicles Delivers 2 Vans to Pick and Send Transportation

Rhea-AI Summary

Envirotech Vehicles, Inc. (NASDAQ:EVTV) has delivered two zero-emission vans to Pick and Send Transportation in Newark, New Jersey, as part of the state's Zero Emission Incentive Program (NJ ZIP). This program offers up to $175,000 in vouchers for businesses transitioning to zero-emission vehicles. CEO Philip Oldridge emphasized the strong interest in green transportation in New Jersey and looks forward to the program's next phase in 2023. The NJ ZIP initiative aims to reduce harmful emissions and promote economic opportunities in affected communities.

Positive

• Successful delivery of two vans demonstrates operational capacity and demand for zero-emission vehicles.
• Participation in NJ ZIP program aligns with government initiatives to promote green transportation.
• Opportunity for further sales as NJ ZIP expands in early 2023.

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 Pick and Send Transportation., a Newark-based company in New Jersey, funded by New Jersey's Zero Emission Incentive Program ("NJ ZIP").

Philip Oldridge, Chief Executive Officer of Envirotech Vehicles, commented, "We are pleased to deliver another two vehicles to customers through NJ ZIP. Significant interest in green transportation from the business owners in the state of New Jersey in conjunction with the NJ Zip program continues to be strong, and we look forward to providing customers in New Jersey with our best-in-class vehicles. We are also excited to be participating in the next phase of the program which is scheduled to open in early 2023."

Francisco Perez Montero, owner of Pick and Send Transportation, commented, "We are delighted to be receiving our zero-emission vans from EVTV and excited for the opportunities this will give our business to expand."

NJ ZIP is a $90 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 $175,000 towards the purchase of medium and heavy duty zero-emission vehicles. The program will provide vouchers with base values ranging between $20,000 to $175,000 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/724951/Envirotech-Vehicles-Delivers-2-Vans-to-Pick-and-Send-Transportation

FAQ

What is the significance of Envirotech Vehicles' delivery of vans on November 10, 2022?

The delivery of two zero-emission vans to Pick and Send Transportation signifies the company's operational capabilities and participation in New Jersey's NJ ZIP program, which supports green transportation.

How does the NJ ZIP program benefit Envirotech Vehicles and its customers?

The NJ ZIP program provides up to $175,000 in vouchers to businesses, encouraging them to purchase zero-emission vehicles, thereby boosting sales for Envirotech Vehicles.

What are the future plans for Envirotech Vehicles related to the NJ ZIP program?

Envirotech Vehicles is looking forward to participating in the next phase of the NJ ZIP program scheduled for early 2023, which may increase demand for their vehicles.

What is the impact of the NJ ZIP program on the environment?

The NJ ZIP program aims to reduce harmful emissions in New Jersey, particularly in areas disproportionately affected by transportation emissions.

What type of vehicles does Envirotech Vehicles provide?

Envirotech Vehicles specializes in purpose-built zero-emission electric vehicles designed for commercial and last-mile fleets.