Greenpower Motor Co Inc (GP)

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GreenPower EV Star Selected as an Eligible Vehicle by CalACT
September 25 2020 - 09:00AM
PR Newswire (Canada)
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LOS ANGELES, Sept. 25, 2020 /CNW/ -- GreenPower Motor Company Inc. (NASDAQ: GP) (TSXV: GPV) ("GreenPower"), a leading manufacturer and distributor of zero emissions electric powered medium and heavy duty vehicles, announces that GreenPower's EV Star has been selected as an eligible vehicle for the Morongo Basin Transit Authority ("MBTA") and California Association for Coordinated Transportation ("CalACT") purchasing cooperative RFP for zero emissions shuttles. This two-year contract allows CalACT members, including transit authorities, other public agencies and non-profits assigned by MBTA, to purchase up to 150 zero-emission vehicles per year. GreenPower's dealer Creative Bus Sales is only one of four dealers, representing select models of electric shuttles, including GreenPower's EV Star, that are qualified to sell under the contract.

CalACT/MBTA provides a California State compliant purchasing solution that allows transit properties to meet their procurement needs and get the vehicle they want in an expedited purchasing cycle that does not require a lengthy RFP process. GreenPower's EV Star is the only vehicle out of several all-electric vehicles that are eligible for purchase under the contract that has been Altoona tested and can be built under Buy America Compliance.

"Our Award is in the entirely new category that requires purpose built, from the ground up, medium duty battery electric buses. Also, the process to get on the purchasing cooperative is lengthy because CalACT wants to confirm that vendors are doing exactly what they represent to the industry. This process included a factory tour to ensure that our processes are in line with industry wide best practices. GreenPower's quality assurance programs were rigorously reviewed by some of the industry's most notable transit professionals and we passed with flying colors," stated Brendan Riley, President of GreenPower. "This is where our EV Star being made under Buy America Compliance and having passed Altoona becomes a significant competitive advantage. We are optimistic that GreenPower's inclusion in this contract will drive increased demand for the EV Star from a host of buyers that use this type of contract to purchase all of their vehicles."

On September 23, 2020 Gavin Newsom, the Governor of the State of California, signed executive order number N-79-20 directing the Air Resource Board to develop medium and heavy-duty vehicle regulations requiring increasing volumes of new zero-emission trucks and buses sold and operated in California towards the target of 100% zero-emission vehicles by 2045. The Executive Order also requires a Zero-Emissions Vehicle Market Development Strategy by January 31, 2021.

Riley continued, "The executive order signed by Governor Newsom will act as a massive catalyst for EV adoption across California and will likely serve as a template for other states to follow. The recent California wildfires have stirred the debate on the need to accelerate the adoption of EV for the benefit of the climate. This action by Governor Newsom is a clear indication that the support of a transition to zero emission transportation solutions is a major priority for the state."