Xos Selected as Approved Manufacturer with New Jersey Zero-Emission Incentive Program
Xos, Inc. (NASDAQ: XOS) has been approved as a manufacturer under New Jersey's Zero-Emission Incentive Program (NJ ZIP), allowing purchasers of the Xos Stepvan to receive up to $90,000 per vehicle. This program, funded by a $45 million initiative from the New Jersey Economic Development Authority, aims to promote the use of zero-emission vehicles and reduce emissions statewide. The application process opens on April 18, 2023, at 10:00 a.m. Eastern. Jessica Savage, Xos's VP of Service and Distribution, expressed pride in New Jersey's commitment to a zero-emissions future.
- Approval as an approved manufacturer under NJ ZIP program.
- Potential for high voucher incentives of up to $90,000 per vehicle.
- Alignment with New Jersey's goals for zero-emission vehicle adoption.
- None.
LOS ANGELES, March 23, 2023 (GLOBE NEWSWIRE) -- Xos, Inc. (NASDAQ: XOS), a leading electric truck manufacturer and fleet services provider, announced it has been selected as an approved manufacturer with the New Jersey Zero-Emission Incentive Program (“NJ ZIP”). With NJ ZIP, purchasers of the Xos Stepvan in the state of New Jersey are eligible to receive up to
NJ ZIP is a
“We’re pleased that both our authorized dealer and the Xos team have been selected to the New Jersey Zero-Emission Incentive Program. New Jersey is a forward-thinking state that we’re proud to see adopt ambitious goals to achieve a zero-emissions future,” said Jessica Savage, Vice President of Service and Distribution at Xos.
The application for NJ ZIP opens on Tuesday, April 18th at 10:00 a.m. Eastern. Fleets interested in purchasing or leasing an Xos vehicle can reach out to Xos at (818) 316-1890 or sales@xostrucks.com.
About Xos, Inc.
Xos is a leading technology company, electric truck manufacturer, and fleet services provider for battery-electric fleets. Xos vehicles and fleet management software are purpose-built for medium- and heavy-duty commercial vehicles that travel on last-mile, back-to-base routes. The company leverages its proprietary technologies to provide commercial fleets with battery-electric vehicles that are easier to maintain and more cost-efficient on a total cost of ownership (TCO) basis than their internal combustion engine counterparts. For more information, visit www.xostrucks.com.
Xos Contacts
Xos Investor Relations
investors@xostrucks.com
Xos Media Relations
press@xostrucks.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4106bd98-d25e-4c56-835e-b04cad6e11e9
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