Envirotech Vehicles Delivers Four Vans to New Jersey Customers

Rhea-AI Summary

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.

Positive

• Increased cumulative vehicle deliveries in New Jersey to 16.
• Strong demand driven by NJ Zero Emission Incentive Program.

Negative

• None.

OSCEOLA, AR / ACCESSWIRE / June 28, 2022 / Envirotech Vehicles, Inc. (OTCQX:EVTV; EVTVD), a provider of new zero-emission, purpose-built electric vehicles (the "Company"), announced today that it has delivered 4 additional vans to customers in New Jersey, bringing the cumulative total of vehicles delivered in New Jersey to recipients of New Jersey Zero Emission Incentive Program ("NJ ZIP") vouchers to sixteen thus far.

Phillip Oldridge, CEO of Envirotech Vehicles, commented, "We are pleased to deliver another four vehicles to customers through NJ ZIP. This program continues to be an excellent driver of sales for our Company and we look forward to more opportunities as businesses throughout New Jersey make the switch to zero emissions."

NJ ZIP is a $15 million pilot voucher program that supports businesses and institutions purchasing new, zero-emission vehicles operating in the greater Newark and greater Camden areas by offering up to $100,000 towards the purchase of battery-electric vehicles. The Program intends to fund 100 to 300 vouchers ranging in value from $25,000 to $100,000 for businesses and institutional organizations looking to transition their fleets to zero emissions. Bonuses are available for small businesses and minority-, women-, and veteran-owned businesses. NJ ZIP is funded by proceeds allocated to the New Jersey Economic Development Authority ("NJEDA") by the Regional Greenhouse Gas Initiative ("RGGI") for the purposes of reducing harmful emissions, especially in communities disproportionately impacted by transportation emissions, and creating economic opportunity within the state.

About Envirotech Vehicles
Envirotech Vehicles, Inc. is a provider of purpose-built zero-emission electric vehicles focused on reducing the total cost of vehicle ownership and helping fleet operators unlock the benefits of green technology. We serve commercial and last-mile fleets, school districts, public and private transportation service companies and colleges and universities to meet the increasing demand for heavy-duty electric vehicles. Our vehicles address the challenges of traditional fuel price cost instability and local, state and federal environmental regulatory compliance. 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 Vehicles, Inc. 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 "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 Vehicles undertakes no obligation to update or revise any forward-looking statements to reflect new information, changed circumstances or unanticipated events.

Contact Information
IMS Investor Relations
John Nesbett/Jennifer Belodeau
Telephone: 203.972.9200
Email: evtv@imsinvestorrelations.com

Press Inquiries
Kristen Nicholson, APR
Telephone: 501.350.3658
Email: knicholson@mhpteamsi.com

Envirotech Vehicles
Susan Emry, Executive Vice President
Telephone: (870) 970-3355 ext. 1001
Email: sue.e@evtvusa.com

SOURCE: Envirotech Vehicles, Inc.

View source version on accesswire.com:
https://www.accesswire.com/706792/Envirotech-Vehicles-Delivers-Four-Vans-to-New-Jersey-Customers

FAQ

How many vans has Envirotech Vehicles delivered in New Jersey as of June 2022?

As of June 2022, Envirotech Vehicles has delivered a total of 16 vans in New Jersey.

What is the NJ Zero Emission Incentive Program?

The NJ Zero Emission Incentive Program is a $15 million pilot voucher initiative supporting businesses in purchasing zero-emission vehicles.

What are the voucher values available in the NJ Zero Emission Incentive Program?

The NJ ZIP program offers vouchers ranging from $25,000 to $100,000.

Who benefits from the NJ Zero Emission Incentive Program?

The program benefits businesses and institutions purchasing zero-emission vehicles, with additional bonuses for small and minority-owned enterprises.

What is Envirotech Vehicles focusing on in their business model?

Envirotech Vehicles focuses on providing zero-emission electric vehicles for commercial and last-mile fleets, aiming to reduce vehicle ownership costs and promote green technology.