Envirotech Vehicles (EVTV) Surges on New Jersey Zero-Emission Vehicle Order

Jan 29, 2025

Envirotech Vehicles (EVTV, Financial) saw its stock surge over 31% in pre-market trading, reaching $0.748. The company announced a significant order for 48 vehicles from customers in New Jersey, who have secured purchase vouchers through the state's Zero-Emission Incentive Program (NJ ZIP).

If these customers proceed with purchasing vehicles under this program, Envirotech Vehicles could generate up to $5.2752 million in revenue. NJ ZIP is a $90 million voucher pilot initiative by the New Jersey Economic Development Authority (NJEDA) aimed at promoting medium and heavy-duty zero-emission vehicles. The program offers vouchers valued between $20,000 and $175,000.

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