Envirotech Vehicles, Inc. (NASDAQ: EVTV) Announces Use By Central Art & Engineering In New Jersey
Envirotech Vehicles (NASDAQ: EVTV) announced that Central Art & Engineering in New Jersey is now using an Envirotech electric logistics van for their delivery operations. The van, which replaced an old Mercedes-Benz Sprinter, was acquired through the New Jersey Zero-Emission Incentive Program (NJ ZIP), a $90 million voucher pilot by NJEDA.
The NJ ZIP program offers vouchers ranging from $20,000 to $175,000 to accelerate zero-emission vehicle adoption in New Jersey, particularly targeting communities affected by transportation emissions. The program aims to reduce emissions and stimulate market readiness while supporting the growth of New Jersey's zero-emission vehicle ecosystem.
Envirotech Vehicles (NASDAQ: EVTV) ha annunciato che Central Art & Engineering nel New Jersey sta ora utilizzando un furgone elettrico per la logistica di Envirotech per le proprie operazioni di consegna. Il furgone, che ha sostituito un vecchio Mercedes-Benz Sprinter, è stato acquisito attraverso il New Jersey Zero-Emission Incentive Program (NJ ZIP), un programma pilota di voucher da 90 milioni di dollari gestito da NJEDA.
Il programma NJ ZIP offre voucher che vanno da $20.000 a $175.000 per accelerare l'adozione di veicoli a zero emissioni nel New Jersey, mirato in particolare alle comunità colpite dalle emissioni dei trasporti. L'obiettivo del programma è ridurre le emissioni e stimolare la prontezza del mercato, sostenendo nel contempo la crescita dell'ecosistema dei veicoli a zero emissioni del New Jersey.
Envirotech Vehicles (NASDAQ: EVTV) anunció que Central Art & Engineering en Nueva Jersey ahora está utilizando una furgoneta eléctrica de logística de Envirotech para sus operaciones de entrega. La furgoneta, que reemplazó a una antigua Mercedes-Benz Sprinter, fue adquirida a través del New Jersey Zero-Emission Incentive Program (NJ ZIP), un programa piloto de vales de 90 millones de dólares gestionado por NJEDA.
El programa NJ ZIP ofrece vales que van desde $20,000 hasta $175,000 para acelerar la adopción de vehículos de cero emisiones en Nueva Jersey, con un enfoque particular en las comunidades afectadas por las emisiones del transporte. El objetivo del programa es disminuir las emisiones y estimular la preparación del mercado, al mismo tiempo que apoya el crecimiento del ecosistema de vehículos de cero emisiones de Nueva Jersey.
Envirotech Vehicles (NASDAQ: EVTV)는 뉴저지에 위치한 Central Art & Engineering이 이제 Envirotech 전기 물류 밴을 배달 운영에 사용하고 있다고 발표했습니다. 이 밴은 오래된 Mercedes-Benz Sprinter를 대체하며, New Jersey Zero-Emission Incentive Program (NJ ZIP)을 통해 인수되었습니다. NJ ZIP은 NJEDA에서 관리하는 9천만 달러의 바우처 파일럿 프로그램입니다.
NJ ZIP 프로그램은 뉴저지에서 제로 배출 차량의 채택을 가속화하기 위해 20,000달러에서 175,000달러까지의 바우처를 제공합니다. 특히 교통 배출에 영향을 받은 커뮤니티를 타겟으로 합니다. 이 프로그램의 목표는 배출량을 줄이고 시장 준비성을 자극하며 뉴저지의 제로 배출 차량 생태계의 성장을 지원하는 것입니다.
Envirotech Vehicles (NASDAQ: EVTV) a annoncé que Central Art & Engineering dans le New Jersey utilise désormais un fourgon logistique électrique d'Envirotech pour ses opérations de livraison. Le fourgon, qui a remplacé un ancien Mercedes-Benz Sprinter, a été acquis par le biais du New Jersey Zero-Emission Incentive Program (NJ ZIP), un programme pilote de bons d'une valeur de 90 millions de dollars géré par la NJEDA.
Le programme NJ ZIP offre des bons allant de 20 000 à 175 000 dollars pour accélérer l'adoption de véhicules à zéro émission dans le New Jersey, en ciblant particulièrement les communautés touchées par les émissions du transport. Le but du programme est de réduire les émissions et de stimuler la préparation du marché tout en soutenant la croissance de l'écosystème des véhicules à zéro émission du New Jersey.
Envirotech Vehicles (NASDAQ: EVTV) gab bekannt, dass Central Art & Engineering in New Jersey jetzt einen elektrischen Logistikvan von Envirotech für ihre Lieferoperationen nutzt. Der Van, der einen alten Mercedes-Benz Sprinter ersetzt hat, wurde durch das New Jersey Zero-Emission Incentive Program (NJ ZIP) erworben, einem 90 Millionen Dollar schweren Gutschein-Pilotprogramm der NJEDA.
Das Programm NJ ZIP bietet Gutscheine im Wert von 20.000 bis 175.000 Dollar an, um die Einführung von Fahrzeugen mit Null-Emissionen in New Jersey zu beschleunigen, wobei besonders Gemeinden angesprochen werden, die unter den Emissionen des Verkehrs leiden. Ziel des Programms ist es, die Emissionen zu reduzieren und die Marktreife zu fördern, während es gleichzeitig das Wachstum des Null-Emissions-Fahrzeug-Ökosystems in New Jersey unterstützt.
- Successful deployment of electric van through NJ ZIP program
- Access to $90 million government incentive program for potential future sales
- Voucher support ranging from $20,000 to $175,000 per vehicle
- None.
Insights
This announcement of a single van sale through a state incentive program has minimal market impact for a company of Envirotech's size. While the NJ ZIP program's
The NJ ZIP program represents a notable policy mechanism for accelerating commercial EV adoption, with significant funding behind it. The initiative's focus on medium and heavy-duty vehicles aligns well with Envirotech's product offerings. The program's dual objectives of emissions reduction and economic development, particularly in environmentally impacted communities, could create sustained demand for Envirotech's vehicles. However, the competitive landscape for commercial EVs is intensifying and success will depend on Envirotech's ability to capture meaningful market share against established players. The customer's transition from a Mercedes-Benz Sprinter demonstrates the program's effectiveness in converting traditional vehicle users to EVs.
OSCEOLA, AR / ACCESSWIRE / December 10, 2024 / Envirotech Vehicles, Inc. (NASDAQ:EVTV), today announced an Envirotech logistics van is in use by New Jersey based Central Art & Engineering, Inc.
Central Art & Engineering uses the Envirotech logistics van for the pick-up and delivery of jobs and raw materials. A custom plastics fabricator, the company is deeply committed to the quality and reliability of their customer service. Central Art & Engineering also gains from cost savings and environmental benefits delivered by the Envirotech electric van.
Vice President of Central Arts & Engineering Eric Makkay commented: "I want electric vehicles for the business. We prefer to have clean electric. We love the hauling capacity."
The new Envirotech electric logistics van replaces an old fossil fuel powered Mercedes-Benz Sprinter van that Central Arts & Engineering had been using for years. The New Jersey Zero-Emission Incentive Program ("NJ ZIP") was instrumental in providing funding for the new Envirotech vehicle.
Phil Oldridge, CEO of Envirotech, stated: "We congratulate Central Arts & Engineering for their transition to electric delivery vehicles. And we again recognize the positive impact NJ ZIP is having in allowing New Jersey business owners to go electric. We welcome other New Jersey business owners to join us on this journey."
NJ ZIP is a
The goal of the program is to accelerate the adoption and use of zero-emission medium and heavy-duty vehicles within New Jersey; to reduce emissions within the state; and to continue to allow NJEDA to determine and stimulate market-readiness, assess effectiveness of funding levels and program design, and test methodologies for measuring economic impact of such adoption. The pilot is being used as a vehicle to support the growth of the NJ zero-emission vehicle ecosystem, with accelerated adoption of zero-emission vehicles being the first step to attracting more jobs and investment, as other zero-emission vehicle programs and regulations roll out across multiple state agencies.
Business owners interested in learning about Envirotech's vehicle offering under NJ ZIP, and what vouchers may be available to them from the New Jersey Economic Development Authority should contact Envirotech at https://evtvusa.com/contact-evtv/
About Envirotech Vehicles
Envirotech Vehicles, Inc. (NASDAQ: EVTV) is a technology company dedicated to revolutionizing the electric vehicle landscape by designing and manufacturing electric commercial vehicles that offer sustainable, efficient, and cost-effective transportation solutions. Committed to driving the future of mobility, Envirotech is pushing the boundaries of innovation and sustainability. 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 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 "will," "estimated," "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 undertakes no obligation to update or revise any forward-looking statements to reflect new information, changed circumstances, or unanticipated events.
Contact:
Envirotech Vehicles, Inc.
Merrick Alpert, Chief Communications Officer
Telephone: (870) 970-3355
Email: merrick@evtvusa.com
SOURCE: Envirotech Vehicles, Inc.
View the original press release on accesswire.com
FAQ
What is the New Jersey Zero-Emission Incentive Program (NJ ZIP) voucher amount for Envirotech Vehicles (EVTV)?
Who is using Envirotech Vehicles (EVTV) electric van in New Jersey?
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