Blue Bird Electric School Buses “Powered By ADOMANI” Eligible for $4.7 Million New York Truck Voucher Incentive Program
Corona, CA / ACCESSWIRE / February 5, 2018 /ADOMANI, Inc. (NASDAQ: ADOM) announced today that the “Powered By ADOMANI” Blue Bird All American, Type-D electric school bus now qualifies for a New York Truck – Voucher Incentive Program (“NYT-VIP”) purchase incentive of $150,000 per bus. NYT-VIP is a state program designed to help New York fleet owners transition their fleets into cleaner, more efficient and cost-effective alternative fuel vehicles by offering incentives using a simplified purchase voucher. The cost of the electric vehicle, alternative fuel vehicle or verified diesel emission control (VDEC) technology is reduced at the time of purchase. In order to take advantage of the NYT-VIP incentives, an “Approved Vendor” (dealer) must request a voucher for their fleet customer (a “Vehicle Purchaser”) at the time the customer orders each Eligible Vehicle. Once the Vehicle Purchaser has received the new vehicle, the Vendor is redeemed the full voucher amount. This same approach is used to accelerate clean vehicle sales in California with a similar program called the Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project (“HVIP”).
“NYT-VIP is another way that New York continues to demonstrate tangible leadership in the area of clean transportation,” said Jim Reynolds, President and CEO of ADOMANI. “The incentive helps cover the incremental additional cost of the electric drivetrain, making the zero-emission choice more attainable for New York school districts as they update their fleets.”
ADOMANI, Inc. is a provider of zero-emission electric and hybrid drivetrain systems for integration in new school buses and medium to heavy-duty commercial fleet vehicles, as well as re-power conversion kits for the replacement of drivetrain systems in combustion-powered vehicles. ADOMANI® is also a provider of new zero-emission electric and hybrid vehicles focused on reducing the total cost of vehicle ownership and helps fleet operators unlock the benefits of green technology and address the challenges of traditional fuel price instability and local, state and federal environmental regulatory compliance. For more information, visit www.ADOMANIelectric.com.
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