REE Automotive’s CARB Certification Milestone

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REE Automotive Ltd. (Nasdaq: REE), a leader in the electric vehicle (EV) sector, has achieved a significant milestone with the California Air Resources Board (CARB) certifications for its Class 4 P7-C chassis cab. This accomplishment marks a crucial step for REE’s P7-C electric truck, enabling its sale in California, a vital market for electric vehicles. The certifications not only broaden the P7-C’s market reach but also unlock substantial financial incentives for potential customers, further encouraging the shift towards sustainable transportation solutions.

Key Highlights:

  • CARB Certifications Received: The P7-C electric truck now holds two pivotal CARB certifications, including Phase 2 Greenhouse Gas (GHG) and Zero Emission Powertrain (ZEP) certifications.
  • Eligibility for Incentives: These certifications make the P7-C eligible for over $100,000 in combined state and federal incentives, significantly lowering the cost barrier for customers transitioning to electric fleets.
  • Market Expansion: With these certifications, REE Automotive reinforces its commitment to expanding its market presence, particularly in California, a state at the forefront of environmental regulation and electric vehicle adoption.
  • Technological Innovation: The P7-C incorporates REE’s proprietary REEcorner® and by-wire technology, offering unparalleled efficiency and cost savings in vehicle operation and maintenance.

Daniel Barel, CEO and co-founder of REE Automotive, expressed his enthusiasm for the certifications, stating, “Being CARB certified unlocks many doors for us and for our customers as we can now sell in California.” He highlighted the significance of these achievements in facilitating the electrification of fleets and emphasized the anticipated boost in demand for the P7-C lineup.

The P7-C’s CARB certifications complement its previously obtained FMVSS (Federal Motor Vehicle Safety Standards) and EPA (Environmental Protection Agency) certifications, positioning it as a leading fully by-wire vehicle in the U.S. market. This series of certifications underscores REE Automotive’s dedication to innovation and its role in advancing e-mobility.

For additional information about REE Automotive’s groundbreaking technology and contributions to the electric vehicle industry, visit their website at www.ree.auto.

About REE Automotive: REE Automotive stands at the forefront of the automotive technology industry, providing modular electric vehicle platforms that enable the creation of a wide range of EVs. REE’s unique technology, including the revolutionary REEcorner®, integrates essential vehicle components into a single module, offering unmatched design freedom and efficiency. As the pioneer in certifying a fully by-wire vehicle in the U.S., REE is shaping the future of electric mobility.

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