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Envirotech Vehicles, Inc. reports developments around its shift from purpose-built electric vehicles into power-backed digital infrastructure. The company has historically focused on zero-emission commercial vehicles and related maintenance and inspection services, while recent updates center on revenue-generating compute sites, modular AI data center infrastructure, high-performance compute systems, ASIC deployments, immersion-cooled container platforms and behind-the-meter power capacity.
EVTV news also covers capital-structure disclosures, shareholder voting matters, operating updates and governance items tied to its public-company status as the company repositions its hardware and infrastructure strategy.
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Envirotech Vehicles, Inc. (NASDAQ:EVTV) announced the delivery of three electric vehicles in April 2023, two through New Jersey's Zero-Emission Incentive Program and one through California's Hybrid and Zero Emission Truck and Bus Voucher Incentive Project. The NJ ZIP program has allocated $90 million and collected $43 million in voucher applications, facilitating the acquisition of approximately 400 vehicles in 2022. In California, the HVIP program, operational since 2009, provides point-of-sale vouchers to make advanced vehicles more affordable, with voucher values ranging from $7,500 to $120,000. CEO Phillip Oldridge expressed optimism for increased vehicle placements through these programs in 2023 compared to 2022. Envirotech focuses on reducing vehicle ownership costs and supporting fleet operators in adopting green technologies.