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GreenPower Motor ( (DE:GRT) ) has shared an update.
GreenPower Motor Company announced that its EV Star line of products is eligible for up to $130,000 in incentives under the Clean Truck and Bus Voucher Incentive Project (HVIP), which has reopened with over $140 million in available funding. This initiative is expected to significantly impact GreenPower’s operations by enhancing its market positioning and offering financial support to fleets adopting zero-emission vehicles. The funding is available on a first-come, first-served basis, with specific provisions for small business fleets, encouraging rapid adoption and providing innovative solutions to overcome initial costs and infrastructure challenges.
More about GreenPower Motor
GreenPower Motor Company Inc. is a leading manufacturer and distributor of all-electric, purpose-built, zero-emission medium and heavy-duty vehicles. The company serves various markets, including cargo and delivery, shuttle and transit, and the school bus sector. GreenPower designs and builds a range of vehicles, such as transit buses, school buses, shuttles, cargo vans, and cab and chassis, utilizing a clean-sheet design for battery-powered, zero-emission vehicles.
Find detailed analytics on GRT stock on TipRanks’ Stock Analysis page.