$400 Million from the VW Mitigation Trust Available for New All-Electric Buses

17 Jul 2018

GreenPower Motor Company Inc. (TSXV: GPV) (OTCQX: GPVRF) (“GreenPower”) has announced that 10 States have recently released their proposed mitigation plans with $400 million available to purchase new all-electric school, transit and shuttle buses from the VW Mitigation Trust. The Trust provides $2.9 Billion to implement approved air pollution mitigation initiatives in the 50 States, Puerto Rico and federally-recognized Native American nations.

Arizona – $38 million over the next two years to replace up to 281 school buses 

California – CARB is proposing that $130 million be allocated for zero-emission school, transit and shuttle buses 

State of Washington – Up to 45% of their $104 million for electric transit, school and shuttle buses and electric trucks

Oregon – $18 million to replace 450 old diesel school buses

Nevada - 80% of their $22.2 million for electric transit, school and shuttle buses and electric trucks

Georgia – All $63.6 million to be used to replace older diesel transit buses

Wisconsin - $42 million to replace public transit vehicles

Louisiana - $18 million over three years to replace old diesel school buses

Illinois - $10.8 million to purchase new electric school buses

Ohio – Up to $15 million to replace old diesel school buses

"GreenPower is helping to undo the damage done to our environment by the cheating VW diesels by replacing older diesel buses that are proven, notorious polluters with our zero-emission, quiet, all-electric buses," said Brendan Riley President of GreenPower. "We are still the only EV manufacturer that provides a solution to each of the categories of buses covered under this settlement. Our all-electric transit, school and shuttle buses are able to take advantage of all of the Mitigation Actions that are available for new all-electric buses under this program."

GreenPower will be providing additional information on its website related to the application process for funding from the VW Mitigation Trust for purchasers of new all-electric buses.

GreenPower | http://www.greenpowerbus.com