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Xos, Inc., a prominent manufacturer of commercial electric vehicles, announced the inclusion of the 2024 Xos SV Battery Electric Stepvan in the Clean Truck and Bus Voucher Incentive Program (HVIP), endorsed by the California Air Resources Board (CARB). This listing facilitates significant cost reductions for customers through a base HVIP incentive starting at $85,000, enhancing the accessibility of clean-energy vehicles in commercial fleets.
Key Highlights
- HVIP Listed: The 2024 Xos SV has been officially approved for the HVIP catalog, promising substantial upfront cost savings.
- Significant Savings: With the base incentive of $85,000, the financial burden on purchasers is greatly alleviated.
- Designed for Versatility: The vehicle is tailored for multiple service scenarios including parcel delivery and utility services.
- Enhanced Affordability for Small Businesses: Eligible small businesses can receive increased incentives, potentially surpassing $170,000, making the shift to electric vehicles more feasible.
“The renewal of the 2024 model of our Xos SV in HVIP is an exciting milestone that underlines our commitment to make electrification more cost-effective for our customers,” expressed Clare Bachman, Manager of Funding and Incentives at Xos.
The 2024 Xos SV Stepvan stands out for its adaptability to diverse operational needs such as parcel delivery, linen services, and armored transport. Its design not only caters to specific fleet requirements but also ensures that businesses can benefit from a modular framework, tailoring the vehicle to their unique routes and tasks.
This HVIP approval significantly reduces the upfront costs associated with purchasing the Xos SV Stepvan, consequently lowering the total cost of ownership and boosting financial returns for business owners. Particularly, small business owners who operate fewer than 20 medium and heavy-duty vehicles and earn less than $15 million annually could qualify for a ‘cash on-the-hood’ discount, potentially exceeding $170,000.
For additional information on Xos’s initiatives to make electric fleet operations more attainable or to learn about the HVIP incentives, interested parties are encouraged to visit Xos Trucks Incentives.
About Xos, Inc.
Xos is a trailblazing technology company and manufacturer of electric trucks, focusing on the development and provision of fleet services for battery-electric commercial vehicles. The company’s vehicles and software are specially engineered for medium- and heavy-duty vehicles operating on fixed routes. Xos leverages its innovative technologies to deliver vehicles that not only meet the demands of fleet management but do so with lower maintenance costs and greater cost efficiency over their lifespan compared to traditional internal combustion engines. For more information, please visit Xos Trucks.
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