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GreenPower Motor Company is Selected As an Approved Vendor for New Jersey Zero Emission Incentive Program

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LOS ANGELES

GreenPower Motor Company Inc. (NASDAQ: GP) (TSXV: GPV) (GreenPower), a leading manufacturer and distributor of zero-emission, electric-powered medium and heavy-duty vehicles, announced today that the entire EV Star line up, including the EV Star, EV Star ADA, EV Star CarGo, EV Star CarGo Plus, and EV Star CC are now eligible for the New Jersey Zero Emission Incentive Program (NJ ZIP).

The NJ ZIP incentivizes fleets to begin their transition to zero emissions by offering up to $100,000 towards the purchase of battery-electric vehicles.

NJ ZIP is a new, $15 million pilot voucher program, that supports businesses and institutions purchasing new, medium-duty zero-emission vehicles that will operate in the greater Newark and greater Camden areas. This pilot is funded by proceeds allocated to the New Jersey Economic Development Authority (NJEDA) for the purposes of reducing harmful emissions, especially in communities disproportionately impacted by transportation emissions, and creating economic opportunity within the state. The program will provide voucher with base values ranging between $25,000 to $100,000 per vehicle.

Brendan Riley, President of GreenPower, commented, We applaud the State of New Jersey for offering the most aggressive zero emissions incentives in the country and we see many other states and municipalities following suit with similar programs coming to market in the near future. Riley added, The EV Star platform is the perfect fit for the region because of their duty cycles, route requirements and the fact that EV Star is completely versatile. Whether an operator is delivering cargo or passengers, we can deliver now.

Ryne Shetterly, VP of Sales and Marketing at GreenPower, also commented, We have the right partner in ABC Bus, with units currently on the ground and in inventory in the state. He added, Incentives help accelerate EV transition plans for early adopters, and we expect this emerging New Jersey market to have a positive impact on GreenPower's vehicle sales in the near term.

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