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Xos Selected as Approved Manufacturer with New Jersey Zero-Emission Incentive Program

March 23, 2023 at 16:05 PM EDT

ⓘ This article is third-party content and does not represent the views of this site. We make no guarantees regarding its accuracy or completeness.

LOS ANGELES, March 23, 2023 (GLOBE NEWSWIRE) -- Xos, Inc. (NASDAQ: XOS), a leading electric truck manufacturer and fleet services provider, announced it has been selected as an approved manufacturer with the New Jersey Zero-Emission Incentive Program (“NJ ZIP”). With NJ ZIP, purchasers of the Xos Stepvan in the state of New Jersey are eligible to receive up to $90,000 per vehicle as a base voucher amount. Xos joins its authorized dealer in the region on the list of approved vendors.

NJ ZIP is a $45 million voucher-style incentive program launched by New Jersey Economic Development Authority (NJEDA) for medium- and heavy-duty zero-emission vehicles. The goals of the program are to accelerate the adoption and use of zero-emission medium and heavy-duty vehicles within New Jersey and to reduce emissions within the state.

“We’re pleased that both our authorized dealer and the Xos team have been selected to the New Jersey Zero-Emission Incentive Program. New Jersey is a forward-thinking state that we’re proud to see adopt ambitious goals to achieve a zero-emissions future,” said Jessica Savage, Vice President of Service and Distribution at Xos.

The application for NJ ZIP opens on Tuesday, April 18th at 10:00 a.m. Eastern. Fleets interested in purchasing or leasing an Xos vehicle can reach out to Xos at (818) 316-1890 or sales@xostrucks.com.

About Xos, Inc.
Xos is a leading technology company, electric truck manufacturer, and fleet services provider for battery-electric fleets. Xos vehicles and fleet management software are purpose-built for medium- and heavy-duty commercial vehicles that travel on last-mile, back-to-base routes. The company leverages its proprietary technologies to provide commercial fleets with battery-electric vehicles that are easier to maintain and more cost-efficient on a total cost of ownership (TCO) basis than their internal combustion engine counterparts. For more information, visit www.xostrucks.com.

Xos Contacts
Xos Investor Relations
investors@xostrucks.com

Xos Media Relations
press@xostrucks.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4106bd98-d25e-4c56-835e-b04cad6e11e9