WASHINGTON, June 15,
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, in conjunction with Zero Emission
Transportation Association (ZETA), a federal coalition focused on
advocating for 100% EV sales by 2030, will be hosting an
educational display and demonstration of zero-emission,
all-electric school buses and transit vehicles today from 9
a.m. to 4 p.m. EDT at the U.S. Capitol —West Curb of First
Street, NW at Constitution Avenue, NW.
The display and demonstration will give members of Congress,
Administration officials, industry stakeholders, and school
district personnel an opportunity to learn more about electric
school buses and transit vehicles that meet "Buy America"
regulations.
The Bipartisan Infrastructure Law (BIL) provides significant
funding opportunities for school districts and transit systems
to migrate to electric vehicles. The BIL provides $5 billion in funding for the Environmental
Protection Agency's (EPA) Clean School Bus Program over the
next five years (FY 2022-2026) to replace existing school buses
with zero-emission and low-emission models. The EPA is
currently offering $500 million
through the 2022 Clean School Bus Program as the first funding
opportunity. The BIL also significantly increased funding available
to help modernize public transit bus fleets and
facilities across the country, which will support good-paying
jobs and help reduce carbon emissions, leading to cleaner air,
healthier communities, and better transportation.
Under the EPA program, GreenPower's Type D BEAST school bus is
eligible for a rebate up to $375,000
for qualifying purchasers, and up to a $285,000 rebate for the Type A Nano BEAST. Online
applications will close on August 19,
2022.
Members of Congress, Administration Officials and other
interested parties and individuals are expected to be in
attendance. Rep. Paul Tonko
(D-NY) and Rep. Nanette Barragan
(D-CA) will give remarks at a 9:15 am
press conference along with West Virginia State Delegates
Paul Espinosa and Christopher Toney, and Vic Sprouse, Federal Funds and Grants Director
of the West Virginia Department of Economic Development. Moms Clean
Air Force and other advocacy groups will make remarks as
well.
Media and Investor Contacts:
Brendan Riley
GreenPower President
(510) 910-3377
Mark Nestlen
GreenPower Government Affairs
(405) 850-9571
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.
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