LOS
ANGELES, March 24, 2022 /PRNewswire/ -- 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 purpose-built buses and trucks are eligible for vouchers
ranging from $60,000 to $375,000 per vehicle through the California Air
Resources Board (CARB) Hybrid and Zero-Emission Truck and Bus
Voucher Incentive Project (HVIP).
The program is scheduled to open at 10
a.m. PT on March 30, 2022,
with $196,600,000 available in
standard HVIP funds; $65,500,000 set
aside for public transit; and $122,000,000 set aside for public schools in
small and medium air districts. GreenPower's HVIP-eligible models
include the company's electric school bus line including the BEAST
(Type D) and NanoBeast (Type A); Class 8 transit bus line; and
Class 4 EV Star product line, which consists of both cargo trucks
and passenger vans.
Michael Perez, Director of
Contracts and Grants at GreenPower, commented, "GreenPower's
delivery history through HVIP is outstanding, and we look forward
to leveraging this year's funding to put even more vehicles on the
road." Perez continued, "While lead times have proven to be a major
obstacle for others in the program, GreenPower has distinguished
itself from competitors by consistently delivering HVIP-funded
vehicles in a timely fashion."
Ryne Shetterly, Vice President of
Sales and Marketing at GreenPower, added, "GreenPower has a
successful history of securing funding and fulfilling orders
through HVIP. Purchasers who partner with GreenPower to obtain HVIP
vouchers seize a rare opportunity to acquire best-in-class
battery-electric vehicles at dramatically discounted prices."
Contacts
Brendan
Riley
President
(510) 910-3377
Ryne Shetterly
Vice President of Sales and Marketing
(909) 954-7530
Mike Cole
Investor Relations
(949) 444-1341
Megan Kathman
Skyya PR for GreenPower
(651) 785-3212
megan@skyya.com
About GreenPower Motor Company Inc.
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.
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SOURCE GreenPower Motor Company