Envirotech Vehicles Announces the Launch of its Fully Electric School Bus

OSCEOLA, AR / ACCESSWIRE / November 9, 2023 / Envirotech Vehicles, Inc. (NASDAQ:EVTV), ("EVTV" or "the Company"), announced today the launch of the Company's first fully electric school bus, named the EVT Bumble Bee. Pre-orders for the vehicle are now open, and EVTV will be hosting a demonstration tour in February 2024 for customers to experience the vehicle firsthand, with deliveries expected beginning in the third quarter of 2024.

Phillip Oldridge, Chief Executive Officer of Envirotech Vehicles, commented, "Today marks a significant milestone for the future of school transportation, as Envirotech Vehicles proudly introduces its fully electric school bus, the EVT Bumble Bee. This innovative vehicle combines a host of impressive specifications designed to prioritize safety, efficiency, and sustainability, redefining the way students travel to school. The electrification of student transportation sits front and center in the energy transition. This is evidenced by the EPA's Clean School Bus Program, which with funding from the 2022 Bipartisan Infrastructure Law, will provide $5 billion over a five year period that commenced in 2022 to replace existing school buses with zero-emission and low-emission vehicles. At EVTV, we could not be prouder to now have an offering for school districts and fleet operators as they scale up their fleet electrification plans."

EVT Bumble Bee features a comfortable interior, with seating for up to 85 passengers including the driver and a full pass-through storage compartment. The Company will be offering two variants, one with a range of up to 130 miles on a single charge, and a longer range variant that can travel up to 300 miles on a single charge. The bus's cutting-edge battery system will enable a 60kW DC charger to provide 100% charge in four hours for the 130-mile range variant.

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About Envirotech Vehicles
Envirotech Vehicles, Inc. is a provider of purpose-built, zero-emission electric vehicles focused on reducing the total cost of vehicle ownership and helping fleet operators unlock the benefits of green technology. EVTV serves commercial and last-mile fleets, school districts, public and private transportation service companies, and academic institutions to meet the increasing demand for heavy-duty electric vehicles. EVTV's vehicles address the challenges of traditional fuel-price cost instability and local, state and federal environmental regulatory compliance. For more information, visit www.evtvusa.com.

Cautionary Statement Regarding Forward-Looking Statements

Statements made in this press release that relate to future plans, events, financial results, prospects or performance are forward-looking statements. While they are based on the current expectations and beliefs of management, such forward-looking statements are subject to a number of risks, uncertainties, assumptions and other factors that could cause actual results to differ materially from the expectations expressed in this press release, including the risks and uncertainties disclosed in reports filed by Envirotech Vehicles, Inc. with the Securities and Exchange Commission, all of which are available online at www.sec.gov. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements, including statements containing the words "planned," "expected," "believes," "strategy," "opportunity," "anticipated," "outlook," "designed," and similar words. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Except as required by law, Envirotech Vehicles undertakes no obligation to update or revise any forward-looking statements to reflect new information, changed circumstances or unanticipated events.

Contact Information

Investor Relations

ICR, Inc.

Telephone: (646) 200-8873

Email: envirotech@icrinc.com

Douglas M. Campoli

Telephone: (541) 968-3721

Email: douglas.c@evtvusa.com

SOURCE: Envirotech Vehicles, Inc