Envirotech Vehicles Delivers Two High Roof Vans to New Jersey Fleet Operator under Zero Emission Incentive Program
OSCEOLA, AR – March 4, 2025 – Envirotech Vehicles, Inc. (NASDAQ: EVTV), a leading provider of innovative, clean transportation solutions, is pleased to announce the delivery of two high roof vans to a New Jersey small fleet operator. This delivery marks a significant milestone for the Company, generating $218,000 in revenue against the projected NJ ZIP pipeline of $5,275,200.
Background on the New Jersey Zero Emission Incentive Program
The New Jersey Zero Emission Incentive Program (NJ ZIP) is an initiative by the New Jersey Board of Public Utilities (NJBPU) to promote the adoption of zero-emission vehicles (ZEVs) in the state. The program provides financial incentives to businesses and government agencies in the form of vouchers, which can be redeemed for the purchase or lease of eligible ZEVs. The vouchers cover a significant portion of the vehicle’s cost, making it an attractive option for fleet operators looking to transition to cleaner transportation solutions.
Impact on Envirotech Vehicles
The delivery of the two high roof vans to a New Jersey fleet operator under the NJ ZIP program represents a significant revenue generation for Envirotech Vehicles. With this delivery, the Company has secured $218,000 in revenue, and the projected pipeline indicates potential for $5,275,200 in revenue if all customers that have been awarded vouchers elect to purchase a vehicle through the program. This pipeline represents a substantial growth opportunity for Envirotech Vehicles, as the demand for zero-emission vehicles continues to increase.
Impact on Individuals and the World
The adoption of zero-emission vehicles, such as those provided by Envirotech Vehicles, has a positive impact on individuals and the world in several ways:
- Reduced Emissions: Zero-emission vehicles produce no tailpipe emissions, contributing to cleaner air and improved air quality, which is essential for public health and the environment.
- Cost Savings: While the upfront cost of ZEVs may be higher than traditional vehicles, the long-term cost savings in fuel and maintenance are significant. This makes ZEVs a cost-effective option for individuals and businesses in the long run.
- Energy Independence: The use of zero-emission vehicles reduces dependence on fossil fuels and promotes energy independence. This is particularly important for countries that import a significant portion of their oil.
Moreover, the widespread adoption of zero-emission vehicles can help reduce greenhouse gas emissions and mitigate the effects of climate change. According to the International Energy Agency, the transportation sector accounts for approximately 24% of global energy-related CO2 emissions. Transitioning to zero-emission vehicles is a crucial step towards reducing these emissions and addressing the climate crisis.
Conclusion
Envirotech Vehicles’ delivery of two high roof vans to a New Jersey fleet operator under the NJ ZIP program marks a significant milestone for the Company, representing $218,000 in revenue and a potential pipeline of $5,275,200. This delivery is not only a win for Envirotech Vehicles but also for individuals and the world. The adoption of zero-emission vehicles, such as those provided by Envirotech Vehicles, has a positive impact on public health, the environment, and energy independence. As the demand for zero-emission vehicles continues to grow, Envirotech Vehicles is well-positioned to capitalize on this trend and contribute to a cleaner, more sustainable future.
By transitioning to zero-emission vehicles, we can all do our part in reducing emissions, saving costs, and promoting energy independence. Let us all join Envirotech Vehicles in embracing this clean transportation revolution and creating a better future for ourselves and future generations.
