Envirotech Vehicles Delivers Ten Vehicles to Kingbee Rentals

Rhea-AI Summary

Envirotech Vehicles, Inc. (EVTV) announced the delivery of ten Class 4 high-roof logistics vans to Kingbee Rentals, facilitated by the New Jersey Zero Emissions Incentive Program (NJ ZIP). This program offers financial support for businesses transitioning to zero-emission vehicles, providing up to $100,000 per purchase. Envirotech's CEO highlighted the company's commitment to aiding businesses in moving away from gas-powered vehicles towards environmentally friendly options. The NJ ZIP program aims to fund 100-300 vouchers, promoting green initiatives in affected communities.

Positive

• Delivered ten Class 4 logistics vans to Kingbee Rentals, indicating increased demand for EVs.
• Participation in NJ ZIP program, which provides up to $100,000 in purchase incentives, enhancing sales potential.

Negative

• None.

OSCEOLA, AR / ACCESSWIRE / March 14, 2022 / Envirotech Vehicles, Inc. (OTCQX:EVTV), a provider of new zero-emission, purpose-built electric vehicles (the "Company"), announced today that it has delivered ten Class 4 high-roof logistics vans to Kingbee Rentals, in conjunction with a voucher approval from the New Jersey Zero Emissions Incentive Program ("NJ ZIP" or the "Program").

Philip Oldridge, CEO of Envirotech Vehicles commented, "We're excited to have delivered ten vehicles to Kingbee Rentals, in association with their vouchers from NJ ZIP. The Program is enabling businesses to begin moving away from traditional gas-powered vehicles to more environmentally friendly vans and trucks, by assisting with the significant financial commitment related to purchasing new vehicles. Envirotech is pleased to provide our first-rate family of industrial vehicles to help companies quickly and seamlessly transition their fleets to a greener alternative."

Scott Haslam, CEO and founder of Kingbee Rentals, said "We've seen a huge uptick in customer demand for EV cargo vans, and we are excited to be able to be at the forefront offering a complete EV solution for return to base fleets. Envirotech provides a great platform, and we look forward to getting them into our customer fleets."

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. (formerly known as ADOMANI, 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
IMS Investor Relations
John Nesbett/Jennifer Belodeau
Telephone: 203.972.9200
Email: evtv@imsinvestorrelations.com

Envirotech Vehicles
Christian S. Rodich, Chief Financial Officer
Telephone: (951) 407-9860 ext. 1207
Email: christian.r@evtvusa.com

SOURCE: Envirotech Vehicles, Inc.

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https://www.accesswire.com/692840/Envirotech-Vehicles-Delivers-Ten-Vehicles-to-Kingbee-Rentals

FAQ

What recent announcement did Envirotech Vehicles (EVTV) make regarding van deliveries?

Envirotech Vehicles announced the delivery of ten Class 4 high-roof logistics vans to Kingbee Rentals.

What is the significance of the New Jersey Zero Emissions Incentive Program (NJ ZIP) for Envirotech Vehicles?

The NJ ZIP program supports businesses purchasing zero-emission vehicles, providing financial incentives up to $100,000, which can enhance sales for Envirotech.

How many vans did Envirotech Vehicles deliver and to whom?

Envirotech Vehicles delivered ten vans to Kingbee Rentals.

What is the purpose of the NJ ZIP program?

The NJ ZIP program aims to assist businesses in transitioning to zero-emission vehicles, funding several vouchers to mitigate purchase costs.