Welcome to our dedicated page for Envirotech Vehicles news (Ticker: EVTV), a resource for investors and traders seeking the latest updates and insights on Envirotech Vehicles stock.
Envirotech Vehicles Inc (EVTV) delivers purpose-built zero-emission electric vehicles for commercial fleets, combining sustainable innovation with cost-effective fleet solutions. This news hub provides investors and industry stakeholders with timely updates on corporate developments, product milestones, and regulatory engagements.
Access authoritative coverage of EVTV’s press releases, earnings reports, and strategic partnerships. Track the company’s progress in advancing electric fleet technology, including updates on vehicle deployments, maintenance service expansions, and participation in clean transportation incentive programs.
Key news categories include product launches for commercial EV models, financial performance disclosures, manufacturing updates, and collaborations with fleet operators. Content is curated to support informed decision-making for both institutional and individual investors.
Bookmark this page for streamlined access to EVTV’s evolving role in electrifying commercial transportation. Check regularly for insights into how the company addresses challenges like emission regulations and fleet electrification costs through innovative engineering and strategic partnerships.
Envirotech Vehicles (OTCQX:EVTV) delivered another electric van to a customer in New Jersey, increasing the total deliveries under the NJ Zip voucher program to seven. CEO Phillip Oldridge noted a substantial rise in order activity over the past year, although supply chain challenges persist. The company is committed to expanding inventory to meet the increasing demand for its electric vehicles. Envirotech focuses on providing zero-emission vehicles, improving the total cost of ownership, and assisting various sectors in transitioning to greener technologies.
Envirotech Vehicles (OTCQX:EVTV) has received a voucher worth $97,750 from the New Jersey Zero Emissions Incentive Program for its Class 4 C5000 cutaway logistics van. This approval marks another step in the company’s role as an approved vendor for the program. To date, Envirotech's customers have secured vouchers totaling $2,749,000 for 32 vehicles. The program aims to support businesses transitioning to zero-emission vehicles and is funded by the New Jersey Economic Development Authority.
Envirotech Vehicles, Inc. (OTCQX:EVTV) has announced a partnership with Olympus Construction for a major renovation of its 580,000 square foot manufacturing facility in Osceola, Arkansas. The project, estimated to cost over $80 million, will enhance production capacity and efficiency. CEO Phillip Oldridge emphasized the company's commitment to local vendors and community support, having already invested over $100,000 quarterly since relocating to Arkansas in February 2022. This initiative marks a significant step towards advancing green technology in the region.
Envirotech Vehicles (OTCQX:EVTV) has delivered two Class 4 logistics vans to the Newark Public Library, supported by a $150,000 voucher from the New Jersey Zero Emissions Program. Executive VP Sue Emry highlighted the growing interest in green transportation in New Jersey and expressed excitement about expanding their electric vehicle presence. The company specializes in purpose-built zero-emission vehicles aimed at reducing ownership costs and complying with environmental regulations. Their focus includes commercial fleets, last-mile delivery, and educational institutions.
Envirotech Vehicles (OTCQX:EVTV) reported its first-quarter results for 2022, achieving sales of $1,108,500, a significant increase from $470,793 in Q1 2021. The rise in sales was attributed to selling 12 vehicles this quarter compared to 5 in the previous year. However, the company faced a net loss of $2,527,397, up from $658,510 in the same quarter last year. Operating expenses surged to $2,947,648, partly due to non-cash charges. Cash and marketable securities amount to $9,099,105, a decline from December 2021. Despite these challenges, the company expressed confidence in future deliveries and growth.
Envirotech Vehicles, Inc. (OTCQX:EVTV) will hold a conference call on May 16, 2022, at 5:00 p.m. ET to discuss its first quarter 2022 results. Interested participants can access the live webcast here. For phone access, dial (877) 545-0320 for domestic calls or (973) 528-0002 for international calls, using access code 457081. A replay will be available until May 30, 2022. Envirotech focuses on zero-emission electric vehicles for commercial fleets, contributing to environmental sustainability.
Envirotech Vehicles Inc. (OTCQX:EVTV) announced its financial results for Q4 and the full year 2021. Sales surged to $674,693 in Q4 2021, up from $0 in Q4 2020, driven by the sale of six vehicles. Full-year sales reached $2,042,844, compared to $88,735 in 2020, with 20 vehicles sold. However, operating expenses increased significantly to $5,576,291 in Q4 and $8,485,372 for the year, leading to net losses of $4,358,792 and $7,652,099, respectively. The company reported cash reserves of $12,909,225 and plans to scale operations with a new manufacturing facility in Arkansas.
Envirotech Vehicles, Inc. (OTCQX:EVTV) will host a conference call on April 27, 2022, at 5:00 p.m. ET to discuss its fourth quarter and full year 2021 results. Live access is available via webcast or by phone at (877) 545-0320 (international: (973) 528-0002) with access code 378789. A replay will be available until May 11, 2022. Envirotech specializes in zero-emission vehicles aimed at reducing ownership costs for fleet operators, addressing fuel price instability, and complying with environmental regulations.
Envirotech Vehicles, Inc. (OTCQX:EVTV) announced a brand partnership with OZ Trails, enhancing its marketing strategy for zero-emission electric vans in Northwest Arkansas. The collaboration allows Envirotech to utilize OZ Trails' logo for vehicle wraps on its fleet, aimed at increasing visibility and attracting potential customers. CEO Phillip Oldridge expressed enthusiasm for the partnership, citing OZ Trails' reputation in promoting local exploration. This initiative aligns with Envirotech's mission to provide sustainable transportation solutions and expand its market presence.
