Envirotech Vehicles and the Arkansas Economic Development Commission Announce Partnership Offering Envirotech Up to $27 Million in Economic Incentives

OSCEOLA, AR / ACCESSWIRE / June 30, 2022 / Envirotech Vehicles, Inc. (OTCQX: EVTV)(OTCQX: EVTVD), a provider of new, purpose-built, zero-emission electric vehicles (the “Company” or “Envirotech”), announced a partnership with the Arkansas Economic Development Commission (AEDC) to help the first U.S.-based company . -state-of-the-art manufacturing facility in Osceola. The agreement will help with the construction and expansion of facilities, in addition to hiring and training efforts to bring more than 850 full-time employees to Mississippi County. The incentive program is worth up to $27 million to Envirotech if fully realized.

Phillip Oldridge, CEO of Envirotech Vehicles, said, “We are delighted to announce a partnership with AEDC, which is one of several recent announcements demonstrating the company’s ability to accelerate electric vehicle production and put more of commercial electric vehicles on the road to our customers. We have made tremendous progress. Final assembly is currently underway in Osceola and facility renovations are underway. As the only licensed automaker in the state, we are thrilled to have AEDC on board as we work to hire and train more than 850 employees. “

“It’s great news that AEDC and Envirotech Vehicles have partnered to bring automotive manufacturing back to the state,” said Arkansas Sen. Dave Wallace. “EVT has a proven track record in electric vehicles with customers across the country. Demand for electric vehicles is growing and I am excited that Arkansas continues to gain a foothold in the industry. This partnership will do exceptional things for the county of Mississippi. and for Arkansas.”

The Envirotech Vehicles team brings over 30 years of deep industry expertise, as well as access to a range of innovative, customer-ready products, systems and green technologies that serve the latest fleets. kilometer, school districts, public and private transportation service companies, and colleges and universities to meet the growing demand for medium to heavy-duty electric vehicles. The Company’s products include electric city trucks, electric logistics vans, electric cutaways and electric right-hand drive logistics vans.

On June 3, 2022, EVT announced a partnership with Olympus Construction to assist in the construction and renovation of its 580,000 square foot facility. To stay up to date on the latest EVT news, please visit www.evtvusa.com.

About Envirotech Vehicles
Envirotech Vehicles, Inc. is a provider of zero-emission electric vehicles specifically designed to lower the total cost of vehicle ownership and help fleet operators realize the benefits of green technology. We serve commercial and last-mile fleets, school districts, public and private transportation service companies, and colleges and universities to meet the growing demand for heavy-duty electric vehicles. Our vehicles meet the challenges of volatile traditional fuel prices and compliance with local, state and federal environmental regulations. For more information, visit www.evtvusa.com.

Caution Regarding Forward-Looking Statements
Statements made in this press release regarding future plans, events, financial results, prospects or performance are forward-looking statements. Although based on management’s current expectations and beliefs, these forward-looking statements are subject to a number of risks, uncertainties, assumptions and other factors that could cause actual results differ materially from the expectations expressed in this press release, including the risks and uncertainties disclosed in reports filed by Envirotech Vehicles, Inc. with the Securities and Exchange Commission, all of which are available online at www.sec.gov. All statements, other than statements of historical facts, are statements that could be considered forward-looking statements, including statements containing the words “planned”, “expected”, “believes”, “strategy”, “opportunity” , “planned”, “outlook”, “designed” and similar words. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Except as required by law, Envirotech Vehicles undertakes no obligation to update or revise forward-looking statements to reflect new information, changed circumstances or unforeseen events.

Contact information
IMS Investor Relations
John Nesbett/Jennifer Belodeau
Phone: 203.972.9200
Email: evtv@imsinvestorrelations.com

Press inquiries
Kristen Nicholson, April
Phone: 501.350.3658
Email: knicholson@mhpteamsi.com

Envirotech Vehicles
Susan Emry, Executive Vice President
Phone: (870) 970-3355 ext. 1001
Email: sue.e@evtvusa.com

THE SOURCE: Envirotech Vehicles, Inc.

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