Thirteen GreenPower EVs Listed Under the iHMZEV Program
Vancouver, Canada July 20, 2022 – 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. That’s from $75,000 up to $150,000, including the EV Star vehicle lineup and shuttle buses.
On July 11, 2022, the Canadian government, through Transport Canada, announced nearly $550 million in funding. That’s 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. Customers must purchase or lease from Canadian organizations (for profit and non-profit). In addition to provinces, territories, and municipalities incentives at the point of sale.
Purchasers in British Columbia may also apply for the Specialty Use Vehicle Incentive (SUVI). They qualify 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.
A message from the CEO
“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 bodies 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.”