Pilot project to test all-electric school buses in school transportation operations across the state
Charleston, West Virginia June 2, 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 the company’s timeline to begin manufacturing zero-emission, all-electric school buses in its newly-acquired facility in South Charleston, West Virginia.
“GreenPower will take possession of the West Virginia manufacturing facility in August and production will begin in September,” said Fraser Atkinson, CEO and Chairman of the Board of GreenPower. “The facility will be instrumental in ramping up production of our all-electric school buses, the BEAST and Nano BEAST, in time to meet the demand created by EPA’s Clean School Bus Program and state legislative mandates.”
In January, GreenPower and Gov. Jim Justice announced plans for GreenPower to produce zero-emission, all-electric vehicles in West Virginia. Since then, efforts have been underway to begin manufacturing. Buses are rolling off the line by the third quarter of this fiscal year.
“Our West Virginia operations will serve as a cornerstone for U.S. manufacturing to deliver electric school buses to our customers on the East Coast and adjacent regions,” said Brendan Riley, President, and Director of GreenPower. “Gov. Justice, members of his cabinet and staff, state legislators, city officials and educators at BridgeValley have all worked tirelessly to ensure we are up and running by late summer.”
Development of Pilot Project in Virginia
During a Capitol press briefing today, Gov. Justice directed his Secretary of Economic Development Mitch Carmichael to work with GreenPower. That’s to develop a pilot project. The goal is to demonstrate GreenPower’s all-electric school buses in school districts across the state of West Virginia. Moreover, the pilot project will provide real-world testing of the vehicles in all areas of the state. Therefore, school districts have a better feel for the operations of the buses. That includes the needs and requirements of the charging infrastructure.
GreenPower’s production announcement and pilot project come at a time when the federal government is offering new funding. Funding is under the Bipartisan Infrastructure Law to assist school districts with purchasing all-electric school buses. The Environmental Protection Agency’s (EPA) Clean School Bus Program Funding will provide for up to $375,000 for the larger Type D school buses (The BEAST) and up to $285,000 for the smaller Type A school buses (Nano BEAST). The EPA is also providing funding of up to $20,000 per bus for charging infrastructure for Level 2 charging systems.
The West Virginia state legislature this year also increased the incentive. That’s for West Virginia school districts to deploy electric school buses made in the state. HB 4571, which was passed by the legislature and signed into law by the Governor. It increased the School Foundation Allowance by 10% for using an electric school bus. Plus, an additional 5% for the portion of buses manufactured in West Virginia.
“GreenPower is excited to begin this next chapter of the company’s production in West Virginia. Increasing our supply of purpose-built, zero-emission, all-electric school buses to meet the demand of school districts and parents up and down the eastern seaboard through this facility meets the goals set forth when reaching expansion agreements with the state” concluded Atkinson.