GreenPower will take possession of the West Virginia manufacturing plant in August 2022

“GreenPower will take possession of the West Virginia manufacturing plant in August and production will begin in September,” said Fraser Atkinson, CEO and Chairman of the Board of GreenPower. “The facility will be instrumental in accelerating production of our all-electric school buses, the BEAST and Nano BEAST, in time to meet the demand created by the EPA’s Clean School Bus program and the mandates state legislatures.”

In January, GreenPower and Gov. Jim Justice announced plans for GreenPower to produce zero-emission all-electric vehicles in West Virginia. Since then, efforts have been underway to begin manufacturing with buses rolling off the line by the third quarter of this fiscal year.

“Our operations in West Virginia will serve as the cornerstone for American manufacturing to deliver electric school buses to our customers on the East Coast and adjacent regions,” said Brendan Riley, president and director of GreenPower. “Governor Justice, his cabinet members and staff, state legislators, city officials and BridgeValley educators have all worked tirelessly to ensure we are up and running by the end of the summer. “

At a Capitol press briefing today, the Justice Governor led his Economic Development Secretary Mitch Carmichael work with GreenPower to develop a pilot project that will demonstrate GreenPower’s all-electric school buses in school districts across the state of West Virginia. The goal of the pilot project will be to provide real-world vehicle testing in all areas of the state, both rural and urban, so that school districts have a better idea of ​​bus operations, including needs and requirements. charging infrastructure.

GreenPower’s production announcement and pilot project comes at a time when the federal government is offering new funding under the bipartisan Infrastructure Act to help school districts purchase all-electric school buses. Funding from the Environmental Protection Agency’s (EPA) Clean School Bus program will provide up to $375,000 for larger Type D school buses (The BEAST) and up to $285,000 for small school buses type A (Nano BEAST). The EPA also provides funding of up to $20,000 by bus for the charging infrastructure of level 2 charging systems.

The West Virginia State legislature this year has also increased the incentive for West Virginia school districts to deploy made-in-state electric school buses. HB 4571, which was passed by the Legislature and signed into law by the Governor, increased the basic school allowance by 10% for the use of an electric school bus and an additional 5% for the portion of buses manufactured in West Virginia.

“GreenPower is delighted to begin this new chapter of the company’s production in West Virginia. Increasing our offering of all-electric, zero-emission, purpose-built school buses to meet demand from school districts and parents across the East Coast with this facility is on target when entering into expansion agreements with the state,” Atkinson concluded.

Media and investor contacts:
Brendan Riley
President of Green Power
(510) 910-3377

mike cole
Investor Relations
(949) 444-1341

Allie Potter
Skyya PR for GreenPower
(218) 766-8856
[email protected]

About GreenPower Motor Company

GreenPower designs, builds and distributes a full line of medium and heavy-duty all-electric high- and low-floor vehicles, including city buses, school buses, shuttles, van, cab and chassis. GreenPower uses clean sheet design to manufacture all-electric vehicles that are purpose-built to be battery-powered with zero emissions while integrating global suppliers for key components. This OEM platform allows GreenPower to meet various operator specifications while providing standard parts for ease of maintenance and accessibility for warranty requirements. Green Power was founded in Vancouver, Canada with primary operational facilities in the south California. Listed on the Toronto exchange since November 2015GreenPower completed its U.S. IPO and NASDAQ listing in August 2020. For more information go to www.greenpowermotor.com

Forward-looking statements

This document contains forward-looking statements regarding, among other things, the business and operations of GreenPower and the environment in which it operates, which are based on GreenPower’s operations, estimates, forecasts and projections. Forward-looking statements are not based on historical facts, but rather on current expectations and projections regarding future events, and are therefore subject to risks and uncertainties that could cause actual results to differ materially. future expressed or implied by the forward-looking statements. statements. These statements can generally be identified by the use of forward-looking words such as “about”, “may”, “should”, “will”, “could”, “intend”, “estimate”, “plan”. , “anticipate”, “expect”, “believe” or “go ahead”, or the negative thereof or similar variations. These statements are not guarantees of future performance and involve difficult risks and uncertainties. expected or beyond the control of GreenPower A number of important factors, including those set forth in other public filings (filed under the Company’s profile at www.sedar.com), could cause results actual results differ materially from those expressed in such forward-looking statements. Accordingly, readers should not place undue reliance on such forward-looking statements. Further, such forward-looking statements speak as of the date on which they are made. GreenPower disclaims any intentio n or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. © 2022 GreenPower Motor Company Inc. All rights reserved.

SOURCE Green Power Motor Company

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