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Envirotech Vehicles, Inc. (OTCQX: EVTV; EVTVD) has announced the approval for its common stock to be listed on the Nasdaq Capital Market under the symbol EVTV, starting July 6, 2022. This uplisting marks a significant milestone and follows a year of considerable growth, including increased vehicle deliveries and the establishment of a new manufacturing facility in Osceola, Arkansas. CEO Phillip Oldridge emphasized that this move will enhance company visibility and attract a broader investor base, ultimately driving shareholder value.
Envirotech Vehicles has partnered with the Arkansas Economic Development Commission to develop its first U.S.-based manufacturing facility in Osceola. This agreement aims to support construction, expansion, and hiring efforts, potentially adding over 850 full-time jobs in Mississippi County. The incentive package could be worth up to $27 million if fully realized. CEO Phillip Oldridge expressed optimism about ramping up EV production. The company's innovative vehicle line includes electric urban trucks and vans designed for various commercial applications.
Envirotech Vehicles (OTCQX: EVTV, EVTVD) announced the delivery of an additional van to a customer in New Jersey, bringing the total vehicles delivered under the NJ Zip voucher program to 17. This pilot program, funded by the New Jersey Economic Development Authority, offers up to $100,000 for businesses transitioning to zero-emission vehicles. CEO Phillip Oldridge highlighted that vehicle deliveries signify sales once accepted by customers. The NJ ZIP initiative is aimed at reducing emissions and fostering economic opportunities in specific New Jersey areas.
Envirotech Vehicles, Inc. (EVTV, EVTVD) announced the delivery of a zero-emission Class 4 truck to a California customer, aided by the California Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project. CEO Phillip Oldridge emphasized that revenue is recognized upon vehicle delivery and acceptance. The company focuses on offering electric vehicles to commercial fleets, addressing challenges like fuel cost instability and environmental regulation compliance. The press release included cautionary forward-looking statements regarding potential risks and uncertainties that may affect future performance.
Envirotech Vehicles announces the delivery of four additional vans to customers in New Jersey, increasing the total vehicles delivered under the NJ Zero Emission Incentive Program to 16. CEO Phillip Oldridge highlighted the ongoing success of the NJ ZIP program, which allocates $15 million in vouchers for businesses transitioning to zero-emission vehicles. The program provides vouchers worth $25,000 to $100,000, supporting environmental goals and economic opportunity. Envirotech focuses on electric vehicle solutions for commercial fleets and public institutions, promoting green technology.
Envirotech Vehicles, Inc. (OTCQX:EVTV; EVTVD) announced the delivery of three electric vehicles to TRUCKMAX, a leading commercial truck seller in South Florida. This delivery included two high roof vans and one truck. CEO Phillip Oldridge noted a steady increase in delivery volumes and emphasized the company's growth in inventory to meet rising demand. Envirotech focuses on zero-emission vehicles, catering to various sectors like public transport, schools, and commercial fleets. The company aims to alleviate the challenges of traditional fuel costs and environmental compliance.
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