What’s Happening: Xos, Inc., a prominent electric truck manufacturer and fleet services provider, has been selected as an approved manufacturer for the New Jersey Zero-Emission Incentive Program (NJ ZIP). Under this program, buyers of Xos Stepvans in New Jersey can receive up to $90,000 per vehicle in base voucher amounts. Xos joins its authorized dealer in the region on the list of approved vendors.
Why It Matters: The NJ ZIP is a $45 million voucher-style incentive program initiated by the New Jersey Economic Development Authority (NJEDA) to encourage the adoption of medium- and heavy-duty zero-emission vehicles. This program aims to expedite the use of zero-emission vehicles in New Jersey and reduce the state’s overall emissions.
Key Points:
- NJ ZIP aims to accelerate the adoption of zero-emission medium and heavy-duty vehicles in New Jersey.
- Xos is now an approved manufacturer for the program, and its authorized dealer in the region is also on the list of approved vendors.
- Jessica Savage, Vice President of Service and Distribution at Xos, expressed pride in New Jersey’s forward-thinking approach to achieving a zero-emissions future.
- The application period for NJ ZIP opens on April 18th at 10:00 a.m. Eastern.
- Fleets interested in purchasing or leasing an Xos vehicle can contact the company at (818) 316-1890 or [email protected].
Bottom Line: The inclusion of Xos, Inc. in the New Jersey Zero-Emission Incentive Program demonstrates the state’s commitment to promoting clean energy and reducing emissions. The program’s financial incentives will encourage the adoption of electric vehicles, making it easier for fleets to transition to more environmentally friendly options. As a leading electric truck manufacturer, Xos will play a significant role in helping New Jersey achieve its ambitious goals for a zero-emissions future. By offering battery-electric vehicles that are more cost-efficient and easier to maintain than their internal combustion engine counterparts, Xos is well-positioned to support the state’s transition to sustainable transportation.
