New Jersey Zero Emissions Inc.

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OCESOLA, AR/ACCESSWIRE/June 21, 2022/Envirotech Vehicles, Inc. (OTCQX:EVTV, Financial), a provider of new, purpose-built, zero-emission electric vehicles (the “Company”), today announced that the New Jersey Zero Emissions Incentive Program (“NJ ZIP or the “Program”) has awarded a a total value of $796,000 for the purchase of five Class 4 C5000 logistics cutaway vans and three Class 4 trucks. purchase for the purchase of 40 vehicles with a total value of $3,545,000.

Phillip Oldridge, CEO of Envirotech Vehicles, commented, “With this voucher, Envirotech Vehicles has now achieved over $3 million in total NJ ZIP orders. Since our approval as a supplier last year, NJ ZIP has been a strong driver in increasing our sales. numbers and look forward to continuing to provide our best-in-class fleet of electric trucks and vans to New Jersey businesses looking to transition to zero-emissions transportation. »

NJ ZIP is a $15 million good driver program that helps businesses and institutions purchase new zero-emission vehicles operating in the Greater Newark and Greater Camden areas by providing up to $100,000 towards the purchase battery electric vehicles. The program intends to fund 100 to 300 vouchers worth $25,000 to $100,000 for companies and institutional organizations looking to take their fleets to zero emissions. Bonuses are available for small businesses and businesses owned by minorities, women and veterans. NJ ZIP is funded from proceeds allocated to the New Jersey Economic Development Authority (“NJEDA”) by the Regional Greenhouse Gas Initiative (“RGGI”) for the purpose of reducing harmful emissions, especially in communities disproportionately impacted by transportation emissions, and create opportunity economies within the state.

About Envirotech Vehicles
Envirotech Vehicles, Inc. is a provider of zero-emission electric vehicles specifically designed to lower the total cost of vehicle ownership and help fleet operators realize 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 growing demand for heavy-duty electric vehicles. Our vehicles meet the challenges of volatile traditional fuel prices and compliance with local, state and federal environmental regulations. For more information, visit https://evtvusa.com/investor-relations/.

Caution Regarding Forward-Looking Statements
Statements made in this press release regarding future plans, events, financial results, prospects or performance are forward-looking statements. Although based on management’s current expectations and beliefs, these forward-looking statements are subject to a number of risks, uncertainties, assumptions and other factors that could cause actual results differ materially from the expectations expressed in this press release, including the risks and uncertainties disclosed in the 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 facts, are statements that could be considered forward-looking statements, including statements containing the words “planned”, “expected”, “believes”, “strategy”, “opportunity” , “planned”, “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 forward-looking statements to reflect new information, changed circumstances or unforeseen events.

Contact information
IMS Investor Relations
John Nesbett/Jennifer Belodeau
Phone: 203.972.9200
E-mail: [email protected]

Press inquiries
Kristen Nicholson, April
Telephone: (501) 350-3658
E-mail: [email protected]

Envirotech Vehicles
Susan Emry, Executive Vice President
Phone: (870) 970-3355 ext. 1001
E-mail: [email protected]

THE SOURCE: Envirotech Vehicles, Inc.

See the source version on accesswire.com:
https://www.accesswire.com/705926/New-Jersey-Zero-Emissions-Incentive-Program-Approves-Voucher-Purchase-of-796000-for-Eight-Envirotech-Vehicles

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