GreenPower Motor Company Inc., a leading manufacturer and distributor of all-electric, purpose-built, zero-emission medium and heavy-duty vehicles serving the cargo and delivery market, shuttle and transit space and school bus sector, announced that its EV Star line of products is eligible for incentives under the reopened New Jersey Zero-Emission Incentive Program (NJ ZIP).
GreenPower has a full lineup of Class 4 commercial all-electric, purpose-built, zero-emission eligible vehicles, including the EV Star Passenger Van, the EV Star Mobility Plus, the EV Star ReeferX, the EV Star Cab & Chassis, the EV Star Stakebed Truck and the EV Star Utility Truck, among other options.
They are eligible for incentives ranging from $65,000 to more than $90,000 under NJ ZIP. The program reopened on Nov. 24, with a total of $75 million in available incentives, split into two funding rounds of $37.5 million each.
NJ ZIP vouchers are available for GreenPower’s Class 4 EV Star models, starting with the base vouchers of $65,000 per Class 4 zero-emission vehicle. With additional stackable applicant bonus criteria, GreenPower’s models may be eligible for total vouchers worth more than $90,000 per vehicle.
“GreenPower has a full lineup of commercial all-electric, purpose-built, zero-emission vehicles to meet the customer’s needs. Passenger options are available now including the EV Star Passenger Van and EV Star Mobility Plus, both with multiple seating configurations and ADA configurations,” said Nahui Olin, GreenPower vice president of Business Development & Commercial Operations.
“GreenPower is happy to work with customers and their upfitters to create the vehicle of their choice.”
The new NJ ZEV (Zero Emission Vehicle) Financing Program will also provide financing for commercial vehicle operators to adopt zero-emission vehicles. This new program complements NJ ZIP by offering financing for vehicle costs that may not be covered by vouchers or other grants.
The NJ ZEV Financing Program offers fixed, low-interest rate loans from $50,000 to $500,000 for up to 100% of eligible vehicle costs. NJ ZEV Financing can be used alongside NJ ZIP or independently.
NJ ZIP funds are available on a first-come, first-served basis, so taking early action is critical.
“With the return of NJ ZIP and the launch of NJ ZEV Financing Program, there’s never been a better time for New Jersey fleet owners to convert to all-electric, zero-emission vehicles,” said Olin. “By offering generous incentives and new low-interest financing, New Jersey has become a leader in offering operators a real path to electrify without compromise.”
