CINCINNATI, July 28, 2020 /PRNewswire/ — Workhorse Group Inc. (Nasdaq: WKHS) (“Workhorse” or the “Company”), an American technology company focused on providing sustainable and cost-effective drone-integrated electric vehicles to the last-mile delivery sector, announced that its C-Series all-electric delivery trucks have been deemed eligible for the Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project (“HVIP”) program by the California Air Resources Board (“CARB”).
Earlier this month, the Company announced that it had received Executive Order: A-445-0003 from CARB, designating its trucks as zero-emission vehicles in the state of California. Obtaining an Executive Order was also one of the preliminary requirements in order to be considered for the HVIP program. With its eligibility into the program confirmed, certain Workhorse C-Series vehicles can now qualify for monetary vouchers, helping to reduce the total cost for any purchaser domiciled in the state of California.
Workhorse’s 2020 model year C-1000 Standard Range (4-pack), C-650 Extended Range (4-pack) and C-650 Standard Range (2-pack) battery electric step vans are eligible for monetary vouchers of up to $50,000 per vehicle. While the HVIP program is currently withholding additional voucher requests until the fall of 2020, Workhorse will remain on the eligible vehicle list until additional funding has been designated for the program.
Our eligibility for the HVIP program is expected to help dramatically reduce purchasing costs for California-based potential customers when additional funding becomes available, which is expected in the fall of this year,” said Workhorse CEO Duane Hughes. “CARB’s commitment to a greener future through the HVIP program has been a tremendous catalyst for the EV industry at large, and we look forward to maximizing the benefits of the program to increase our future sales as well as reduce carbon footprints in many of most impacted areas throughout the state.”
In addition to the above mentioned CARB approvals, Workhorse also received a Certificate of Conformity (“CoC”) from the EPA in March and a Federal Motor Vehicle Safety Standards (“FMVSS”) Certification in June. Workhorse is the first medium duty BEV OEM to be certified by both the EPA and CARB.
About Workhorse Group Inc.
Workhorse is a technology company focused on providing drone-integrated electric vehicles to the last-mile delivery sector. As an American original equipment manufacturer, we design and build high performance, battery-electric vehicles including trucks and aircraft. Workhorse also develops cloud-based, real-time telematics performance monitoring systems that are fully integrated with our vehicles and enable fleet operators to optimize energy and route efficiency. All Workhorse vehicles are designed to make the movement of people and goods more efficient and less harmful to the environment. For additional information visit workhorse.com.
Images courtesy of Workhorse