ADOMANI®-powered school bus deliveries aided by California Energy Commission's grant program
Adomani Electric (NASDAQ:ADOM)
REDWOOD CITY, CALIFORNIA, USA, June 13, 2019 /EINPresswire.com/ — Electrified Public School buses are clearly the future of student transportation. ADOMANI Electric, a leader in electrified vehicle technology, has developed a wide array of fully electric school buses and other utility vehicles for the public use. The recent sale of a fleet of electrified cargo vans to the city of Santa Clara is just another validation as to the impact of their electrification platforms.
Working with BlueBird, one of the largest school bus producers in the world, ADOMANI developed, produces and delivers all-electric school buses with 125 miles of range and simplified recharging parameters. Recent successes include delivery of an all-electric Bluebird/ADOMANI school bus to the Fowler Unified School District outside of Fresno and five buses to the Twin Rivers School district in northern Sacramento County. Vehicles such as this fit perfectly with the recent release (June 3, 2019) of the California Energy Commission's Grant Solicitation program that will help fund electric school bus sales throughout the state.
Clearly the first question a public school board needs to address with regards to full electrification of their bus fleet is paying for them. California has already mandated that all new school bus purchases after 2020 must be electrified. The California Energy Commission's Grant Solicitation program will help fund the procurement of new fully electric school buses across the state.
"The grant solicitation announced $75 Million in Clean Energy Job Creation funding to fund projects that replace old diesel school buses in California," their recent report states. "These funds are evenly distributed among four regions ($18.75 million per region (Northern, Central, Southern California and Los Angeles, County). The Clean Transportation Program component of this solicitation was an offer to fund up to $60,000 in electric vehicle (EV) infrastructure for each of the electric school buses awarded under this solicitation."
Recent advancements in ADOMANI's line of efficient and clean electric school buses are the perfect fit for the future of student transportation. Of key interest to school administrators, ADOMANI offers a program that converts original diesel buses to all electric at far less cost than new electric buses. Using California Energy Commission funds and state-available rebates, these buses could cost school districts zero dollars to make upgrade to full-electric propulsion. That's a plan we can all get behind.
For more information go to www.adomanielectric.com
ADOMANI, Inc. is a provider of zero-emission all-electric and hybrid drivetrain systems for integration into new school buses and medium to heavy-duty commercial fleet vehicles, as well as re-power conversion kits for the replacement of drivetrain systems in combustion-powered vehicles. ADOMANI® is focused on reducing the total cost of vehicle ownership and helps fleet operators unlock the benefits of green technology. In addition, ADOMANI® helps address the challenges of traditional fuel price instability and local, state and federal environmental regulatory compliance. For more information, visit www. ADOMANIelectric.com.
Safe Harbor Statement
This release contains “forward-looking statements” that include information relating to future events and future financial and operating performance. The words “may,” “would,” “will,” “expect,” “estimate,” “can,” “believe,” “potential” and similar expressions and variations thereof are intended to identify forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which that performance or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or management’s good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Important factors that could cause these differences include, but are not limited to: fluctuations in demand for ADOMANI® Inc. products, the introduction of new products, the Company’s ability to maintain customer and strategic business relationships, the impact of competitive products and pricing, growth in targeted markets, the adequacy of the Company’s liquidity and financial strength to support its growth, and other information that may be detailed from time-to-time in ADOMANI’s filings with the United States Securities and Exchange Commission. Examples of such forward-looking statements in this release include statements regarding product offerings and marketing. For a more detailed description of the risk factors and uncertainties affecting ADOMANI® Inc., please refer to the Company’s recent Securities and Exchange Commission filings, which are available at www.sec.gov. ADOMANI® Inc. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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Source: EIN Presswire