Envirotech Vehicles, Inc. (NASDAQ:EVTV) Delivers 76 Vehicles Under the New Jersey Zero-Emission Incentive Program ("NJ ZIP")
Envirotech Vehicles (NASDAQ:EVTV) has successfully delivered 76 vehicles under the New Jersey Zero-Emission Incentive Program (NJ ZIP). The program, a $90M voucher pilot launched by the New Jersey Economic Development Authority (NJEDA), provides vouchers ranging from $20,000 to $175,000 for Medium and Heavy Duty Zero-Emission Vehicles. The initiative aims to reduce emissions, particularly in communities heavily impacted by transportation emissions, while creating economic opportunities within New Jersey.
Envirotech Vehicles (NASDAQ:EVTV) ha consegnato con successo 76 veicoli nell'ambito del New Jersey Zero-Emission Incentive Program (NJ ZIP). Questo programma, un pilota di voucher da 90 milioni di dollari lanciato dall'Autorità per lo Sviluppo Economico del New Jersey (NJEDA), offre voucher che vanno da 20.000 a 175.000 dollari per veicoli a emissioni zero di categoria medio e pesante. L'iniziativa mira a ridurre le emissioni, in particolare nelle comunità fortemente colpite dalle emissioni dei trasporti, favorendo nel contempo opportunità economiche nel New Jersey.
Envirotech Vehicles (NASDAQ:EVTV) ha entregado con éxito 76 vehículos bajo el Programa de Incentivos para Vehículos de Emisiones Cero de Nueva Jersey (NJ ZIP). Este programa, un piloto de vales de $90 millones lanzado por la Autoridad de Desarrollo Económico de Nueva Jersey (NJEDA), proporciona vales que van de $20,000 a $175,000 para vehículos de emisiones cero de servicio mediano y pesado. La iniciativa tiene como objetivo reducir las emisiones, particularmente en comunidades severamente afectadas por las emisiones del transporte, creando al mismo tiempo oportunidades económicas dentro de Nueva Jersey.
Envirotech Vehicles (NASDAQ:EVTV)는 뉴저지 제로 배출 인센티브 프로그램(NJ ZIP)에 따라 76대의 차량을 성공적으로 전달했습니다. 이 프로그램은 뉴저지 경제 개발청(NJEDA)이 시작한 9천만 달러 규모의 바우처 시험 파일럿으로, 중형 및 대형 제로 배출 차량에 대해 2만 달러에서 17만 5천 달러까지의 바우처를 제공합니다. 이 이니셔티브는 배출가스를 줄이는 것을 목표로 하고 있습니다, 특히 교통 배출에 중대한 영향을 받는 지역 사회에서, 동시에 뉴저지 내 경제 기회를 창출하는 것이 목적입니다.
Envirotech Vehicles (NASDAQ:EVTV) a livré avec succès 76 véhicules dans le cadre du New Jersey Zero-Emission Incentive Program (NJ ZIP). Ce programme, un projet pilote de bons d'une valeur de 90 millions de dollars lancé par l'Autorité de développement économique du New Jersey (NJEDA), offre des bons allant de 20 000 à 175 000 dollars pour des véhicules à émission zéro de catégorie moyenne et lourde. L'initiative vise à réduire les émissions, en particulier dans les communautés fortement touchées par les émissions de transport, tout en créant des opportunités économiques au sein du New Jersey.
Envirotech Vehicles (NASDAQ:EVTV) hat erfolgreich 76 Fahrzeuge im Rahmen des New Jersey Zero-Emission Incentive Program (NJ ZIP) ausgeliefert. Das Programm, ein Pilotprojekt mit Gutscheinen in Höhe von 90 Millionen US-Dollar, das von der New Jersey Economic Development Authority (NJEDA) ins Leben gerufen wurde, bietet Gutscheine zwischen 20.000 und 175.000 US-Dollar für mittel- und schwerlastige emissionsfreie Fahrzeuge an. Die Initiative zielt darauf ab, die Emissionen zu reduzieren, insbesondere in Gemeinden, die stark von Verkehrsemissionen betroffen sind, und gleichzeitig wirtschaftliche Chancen in New Jersey zu schaffen.
- Successful delivery of 76 vehicles in New Jersey market
- Access to significant government incentive program with vouchers up to $175,000 per vehicle
- Market expansion in New Jersey through state-backed program
- None.
Insights
The delivery of 76 vehicles through the NJ ZIP program represents a significant milestone for EVTV, particularly given its small market cap of
The
The NJ ZIP program exemplifies the growing trend of state-level initiatives driving commercial EV adoption through targeted incentives. EVTV's successful delivery demonstrates its ability to capitalize on government-backed environmental programs, which are likely to expand as states pursue aggressive emission reduction targets. The focus on medium and heavy-duty vehicles is particularly strategic, as this segment represents a significant portion of urban emissions and faces less competition than the passenger EV market.
OSCEOLA, APPENZELL AUSSERRHODEN / ACCESSWIRE / December 2, 2024 / Envirotech Vehicles, Inc. (NASDAQ:EVTV), today announced it has delivered 76 vehicles under the New Jersey Zero-Emission Incentive Program ("NJ ZIP").
Phil Oldridge, CEO of Envirotech, hailed the company's success in providing electric delivery vehicles to business owners in New Jersey. "Envirotech is pleased to serve fleet owners in New Jersey as they transition from fossil fuels to electric vehicles. The NJ ZIP program has allowed Envirotech to rapidly expand our presence in New Jersey. We remain grateful to the New Jersey Economic Development Authority for their support."
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 in New Jersey, 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
How many vehicles has Envirotech (EVTV) delivered under the NJ ZIP program?
What is the value range of vouchers available under NJ ZIP for Envirotech (EVTV) vehicles?
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