![]() There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements involve various risks and uncertainties. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. All statements, other than statements of historical fact, included herein are forward-looking statements. This press release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable securities laws. Neither the TSX-V nor its Regulation Service Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.Ĭautionary Note Regarding Forward-Looking Statements For more information, please visit Company Contact: Poindexter business unit EAVX, the Company's strategic partner, for upfitting into next-generation delivery vehicles. In addition, the Company sells its proprietary electric chassis alongside J.B. The Company leverages a dealer network and close relationships with world-class manufacturing partners to supply its flagship electric, CNG and clean-diesel Vicinity buses, the VMC 1200 electric truck and a VMC Optimal-EV shuttle bus. (NASDAQ:VEV)(TSXV:VMC)(FRA:6LGA) is a North American supplier of electric vehicles for both public and commercial enterprise use. We look forward to offering our Canadian customers the benefits of this additional incentive, making our electric vehicle offering more competitive than ever," concluded Trainer. "The incentive will provide approximately 50 percent of the cost difference between traditional diesel vehicles and a zero-emission alternative, further assisting fleets as they seek to reduce their carbon footprint. "The VMC 1200 continues to attract attention from dealers and customers seeking fully electric vehicles for ultra-quiet operation while aligning with clean fleet goals. "The iMHZEV Program is a continuation of the Canadian Government's substantial efforts to enable organizations and businesses to electrify their fleets," said William Trainer, Founder and CEO of Vicinity Motor Corp. ![]() ![]() Businesses will have the option to purchase or lease new vehicles under the iMHZEV program, with a maximum of 10 incentives or CAD$1,000,000 available per calendar year per organization. Incentives range from CAD$10,000 to $200,000 depending on vehicle type. Before including a vehicle on the list of eligible vehicles, Transport Canada reviews an application from the automaker to certify that the vehicle meets the iMHZEV Program requirements. The iMHZEV Program offers point-of-sale incentives for Canadian organizations and businesses who buy or lease an approved MHZEV. (NASDAQ:VEV)(TSXV:VMC)(FRA:6LGA) ("Vicinity" or the "Company"), a North American supplier of commercial electric vehicles, today announced that its VMC 1200 Class 3 electric trucks have been approved for the Incentives for Medium and Heavy-duty Zero-Emission Vehicles (iMHZEV) Program administered by Transport Canada, which helps to make buying or leasing zero-emission vehicles more affordable. VANCOUVER, BC / ACCESSWIRE / J/ Vicinity Motor Corp. (GWTI) and Vicinity Motor (Bus) USA Corp.$550 Million Program Offers Point-of-Sale Incentives for Canadian Organizations and Businesses Buying or Leasing Eligible Zero-Emission Vehicles Its subsidiaries include Grande West Transportation International Ltd. Its various buses and truck models include Vicinity Lightning EV, Vicinity Classic, VMC 1200, VMC Optimal S1LF and VMC Optimal E1. ![]() Poindexter business unit EAVX, the Company's partner, for upfitting into delivery vehicles. In addition, the Company sells its electric chassis alongside J.B. It leverages a dealer network with manufacturing partners to supply its flagship electric, CNG and clean-diesel Vicinity buses, the VMC 1200 electric truck and a VMC Optimal-EV shuttle bus. The Company's operation focuses on manufacturing, engineering, designing, servicing, and selling of the Vicinity branded electric, compressed natural gas (CNG), and clean diesel transit buses and electric tr ucks. Vicinity Motor Corp., formerly Grande West Transportation Group Inc., is a Canada-based supplier of electric vehicles for both public and commercial enterprise use in United States and Canada.
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