Thirteen GreenPower Vehicle Models Listed
Under the iHMZEV Program
VANCOUVER, BC, July 20,
2022 /CNW/ -- GreenPower Motor Company Inc. (NASDAQ:
GP) (TSXV: GPV) ("GreenPower"), a leading manufacturer and
distributor of zero-emission, electric-powered, medium and
heavy-duty vehicles, today announced that its customers in
Canada can now receive funding
under Transport Canada's newly launched incentive program for
Medium and Heavy-Duty Zero-Emission Vehicles (iMHZEV). Thirteen of
GreenPower's vehicle models are eligible for incentives from
$75,000 up to $150,000 including the EV Star vehicle line up
and shuttle buses.
On July 11, 2022, the Canadian
government, through Transport Canada, announced nearly $550 million in funding for the purchase or lease
of medium and heavy-duty vehicles through the iMHZEV Program. The
incentives are available for up to 10 eligible vehicles per
calendar year purchased or leased by Canadian organizations (for
profit and non-profit), provinces, territories, and municipalities
incentives at the point of sale.
Purchasers in British Columbia
may also apply for the Specialty Use Vehicle Incentive (SUVI) for a
rebate of up to $100,000. These can
be combined or stacked with the iMHZEV incentives up to 75% of the
purchase price for GreenPower vehicles.
Eligible GreenPower vehicles listed under the iMHZEV Program
include the EV Star Cargo, EV
Star Max seating, EV Star ADA, EV250
thirty-foot shuttle and EV350 forty-foot shuttle.
"GreenPower can assist customers now in applying for the
incentives and navigating the application process," said
Fraser Atkinson, CEO of GreenPower.
"The iMHZEV Program opens up availability in the market for
our EV Star Cargo and EV Star for shuttle operations. Our customers
can also purchase the EV Star Cab and Chassis to build their own
body specific to their needs and requirements. GreenPower has
delivered hundreds of its proven EV Star to customers with more
than 1,600 additional vehicles on order."
GreenPower and Media Contacts:
Fraser Atkinson
CEO
(604) 220-8048
Michael Perez
Vice President School Bus, Contracts and Grants
(909) 308-0960
Allie Potter
Skyya PR for GreenPower
(218) 766-8856
allie@skyya.com
About GreenPower Motor Company
GreenPower designs,
builds and distributes a full suite of high-floor and low-floor
all-electric medium and heavy-duty vehicles, including transit
buses, school buses, shuttles, cargo van, and a cab and chassis.
GreenPower employs a clean-sheet design to manufacture all-electric
vehicles that are purpose built to be battery powered with zero
emissions while integrating global suppliers for key components.
This OEM platform allows GreenPower to meet the specifications of
various operators while providing standard parts for ease of
maintenance and accessibility for warranty requirements. GreenPower
was founded in Vancouver, Canada
with primary operational facilities in southern California. Listed on the Toronto exchange since November 2015, GreenPower completed its U.S. IPO
and NASDAQ listing in August 2020.
For further information go to www.greenpowermotor.com
Forward-Looking Statements
This document contains
forward-looking statements relating to, among other things,
GreenPower's business and operations and the environment in which
it operates, which are based on GreenPower's operations, estimates,
forecasts, and projections. Forward-looking statements are not
based on historical facts, but rather on current expectations and
projections about future events, and are therefore subject to risks
and uncertainties which could cause actual results to differ
materially from the future results expressed or implied by the
forward-looking statements. These statements generally can be
identified by the use of forward-looking words such as "upon",
"may", "should", "will", "could", "intend", "estimate", "plan",
"anticipate", "expect", "believe" or "continue", or the negative
thereof or similar variations. These statements are not guarantees
of future performance and involve risks and uncertainties that are
difficult to predict or are beyond GreenPower's control. A number
of important factors, including those set forth in other public
filings (filed under the Company's profile on www.sedar.com), could
cause actual outcomes and results to differ materially from those
expressed in these forward-looking statements. Consequently,
readers should not place any undue reliance on such forward-looking
statements. In addition, these forward-looking statements relate to
the date on which they are made. GreenPower disclaims any intention
or obligation to update or revise any forward-looking statements
whether as a result of new information, future events or
otherwise.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. © 2022 GreenPower Motor Company Inc. All
rights reserved.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/greenpower-vehicles-eligible-for-up-to-150-000-in-funding-from-transport-canadas-ihmzev-program-301590203.html
SOURCE GreenPower Motor Company