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Envirotech Vehicles Inc. is a leading provider and manufacturer of purpose-built zero-emission electric vehicles, focusing on reducing the total cost of vehicle ownership. The company serves various sectors, including commercial and last-mile fleets, school districts, transportation service companies, and universities, meeting the increasing demand for heavy-duty electric vehicles. Envirotech Vehicles generates revenue from the sales of zero-emission electric vehicles and vehicle maintenance services, emphasizing sustainability and environmental compliance. Recent achievements include a partnership with PlugD Commercial Electric Leasing and Rentals Inc., delivering 200 electric high roof vans and trucks, demonstrating the commitment to developing low-maintenance, zero-emissions vehicles.
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Envirotech Vehicles, Inc. (NASDAQ:EVTV) announced that the United States Environmental Protection Agency (EPA) has awarded EVTV $8.57 million for the provision of 25 fully electric school buses. The awards are on behalf of eight school districts across Arkansas and Texas. EVTV also announced the launch of its innovative Bumble Bee fully electric school bus for pre-order, with deliveries on track to begin in the third quarter of 2024. The EPA has selected 67 applicants to receive nearly $1 billion through its first Clean School Bus (CSB) Grants Competition, totaling nearly $2 billion awarded to fund the deployment of 5,000 electric and low-emission school buses across the United States. The EPA also opened up the application process for the 2023 CSB Rebate program, expected to award at least $500 million in funding under the 2023 rebate program.
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Envirotech Vehicles, Inc. (NASDAQ:EVTV) has entered a 90-day pilot program with Crossno Corp., a pick-up & delivery and linehaul independent contractor for FedEx Ground. EVTV has delivered four logistics vans for the program, aiming to support Crossno Corp. in their electrification journey. The company's primary sales channels have been through state-run programs, NJ ZIP and HVIP, offering incentives for fleet electrification.
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Envirotech Vehicles, Inc. (NASDAQ:EVTV) has received a certificate of conformity with the Clean Air Act from the EPA for its Bumble Bee all-electric school bus. The CEO expressed excitement for the market potential and emphasized the health benefits of electric school buses. The Bumble Bee is available for pre-order and expected to launch in Q3 2024.
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Envirotech Vehicles, Inc. (NASDAQ:EVTV) announced the launch of its first fully electric school bus, the EVT Bumble Bee. Pre-orders are open, with a demonstration tour in February 2024 and deliveries expected in Q3 2024. The bus prioritizes safety, efficiency, and sustainability, with two variants offering up to 130 and 300 miles on a single charge, respectively.
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Envirotech Vehicles regains compliance with Nasdaq listing rule
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Envirotech Vehicles, Inc. (NASDAQ:EVTV) filed amended Form 10-Qs for multiple periods and expects to regain compliance with Nasdaq Listing Rule 5250(c)(1).
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Envirotech Vehicles, Inc. provides an update on its Philippines facility, which is progressing according to plans. The facility will have the capacity to produce more than 2,000 vehicles per year and generate several hundred jobs. The investment in the Philippines is supported by the government's initiatives to promote the EV sector through incentives and tax benefits.
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Envirotech Vehicles, Inc. (NASDAQ:EVTV) receives extension to file delinquent filings, expects to regain compliance with Nasdaq Listing Rule 5250(c)(1).
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Envirotech Vehicles, Inc. receives extension to file delinquent filings
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Envirotech Vehicles, Inc. receives notification letter from Nasdaq for non-compliance with filing requirements
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FAQ
What is the current stock price of Envirotech Vehicles (EVTV)?
The current stock price of Envirotech Vehicles (EVTV) is $1.846 as of November 1, 2024.
What is the market cap of Envirotech Vehicles (EVTV)?
The market cap of Envirotech Vehicles (EVTV) is approximately 29.9M.
What does Envirotech Vehicles Inc. specialize in?
Envirotech Vehicles Inc. specializes in providing purpose-built zero-emission electric vehicles to reduce the total cost of vehicle ownership and promote sustainable transportation solutions.
Who are Envirotech Vehicles Inc.'s target customers?
Envirotech Vehicles Inc. serves commercial and last-mile fleets, school districts, transportation service companies, and universities to meet the increasing demand for heavy-duty electric vehicles.
How does Envirotech Vehicles Inc. generate revenue?
Envirotech Vehicles Inc. generates revenue from the sales of zero-emission electric vehicles and vehicle maintenance services, contributing to sustainability and environmental compliance.
What recent achievement did Envirotech Vehicles Inc. announce?
Envirotech Vehicles Inc. announced a partnership with PlugD Commercial Electric Leasing and Rentals Inc., delivering 200 electric high roof vans and trucks, showcasing a commitment to developing low-maintenance, zero-emissions vehicles.
What is Envirotech Vehicles Inc.'s mission?
Envirotech Vehicles Inc.'s mission is to reduce the total cost of vehicle ownership and help fleet operators unlock the benefits of green technology by providing purpose-built zero-emission electric vehicles.
What sectors does Envirotech Vehicles Inc. cater to?
Envirotech Vehicles Inc. caters to commercial and last-mile fleets, school districts, transportation service companies, and universities to address the increasing demand for heavy-duty electric vehicles, promoting sustainable transportation solutions.
Who is the CEO of Envirotech Vehicles Inc.?
Phillip Oldridge is the CEO of Envirotech Vehicles Inc., leading the company in its commitment to developing low-maintenance, zero-emissions vehicles.
What sets Envirotech Vehicles Inc. apart from other manufacturers?
Envirotech Vehicles Inc. stands out for its focus on reducing the total cost of vehicle ownership, promoting sustainability, and providing purpose-built zero-emission electric vehicles to meet the growing demand for eco-friendly transportation solutions.
How does Envirotech Vehicles Inc. contribute to environmental sustainability?
Envirotech Vehicles Inc. contributes to environmental sustainability by offering zero-emission electric vehicles, reducing the total cost of vehicle ownership, and aiding fleet operators in unlocking the benefits of green technology.
What recent developments should investors be aware of regarding Envirotech Vehicles Inc.?
Investors should be aware of Envirotech Vehicles Inc.'s recent partnership with PlugD Commercial Electric Leasing and Rentals Inc., delivering 200 electric high roof vans and trucks, demonstrating the company's commitment to sustainable transportation solutions and zero-emissions vehicles.
Envirotech Vehicles, Inc.
Nasdaq:EVTV
EVTV Rankings
EVTV Stock Data
29.86M
15.69M
16.47%
5.75%
1.95%
Auto Manufacturers
Motor Vehicle Parts & Accessories
United States of America
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