News

Envirotech Vehicles Announces Delivery of Electric Vehicles and Forklift to PlugD

OSCEOLA, AR / ACCESSWIRE / March 28, 2024 / Envirotech Vehicles, Inc. (NASDAQ:EVTV), a provider of new zero-emission, purpose-built electric vehicles (“EVTV” or the “Company”), today announced that the Company will deliver a total of 6 electric vehicles and 1 forklift to PlugD Commercial Electric Leasing and Rentals Inc. (“PlugD”), a Texas-based commercial electric vehicle leasing company by Friday, March 29, 2024 as part of a previously announced sales and purchase agreement. EVTV will receive the funding before March 29, 2024, net of a deposit of $200,000 received previously for future deliveries in conjunction with this agreement. “We are pleased and very excited to deliver these first 6 electric vehicles of the 200 ordered along with one of our electric forklifts to PlugD. Our team’s commitment to this project is of the utmost importance.” Said Phillip Oldridge, CEO of Envirotech Vehicles. PlugD CEO Adam Greenberg expressed excitement, stating, “This marks the beginning of numerous premium deliveries to our valued PlugD customers and signifies a strong commitment to our successful partnership with Envirotech Vehicles. Of the 6 total vehicles, we will be sending two Class-3 vehicles for a pilot program with The FRONTDoor Collective, doing last mile deliveries for a major retailer. The box truck and stake bed truck we are receiving will be delivered to MedProtect, delivering medical supplies to hospitals throughout Texas. The forklift and other class 3 vehicle will be sent to Gator Chemical for their pipeyard and chemical movement. The zipper we will be receiving will be used at an airport for security and perimeter control. Thank you to the Envirotech team for delivering our first batch of vehicles.” 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. We serve commercial and last-mile fleets, school districts, public and private transportation service companies and colleges and universities to meet the increasing demand for heavy-duty electric vehicles. Our 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. Envirotech Vehicles, Inc. Franklin Lim, CFO Telephone: (870) 970-3355 Email: [email protected] PlugD Commercial Electric Leasing and Rentals Inc. Vanessa Castro, Director of Communications [email protected] SOURCE: Envirotech Vehicles, Inc

News

Envirotech Vehicles Announces Sales & Purchase Agreement

OSCEOLA, AR / ACCESSWIRE / March 20, 2024 / Envirotech Vehicles, Inc. (NASDAQ:EVTV), a provider of new zero-emission, purpose-built electric vehicles (the “Company”), today announced that the Company entered into a Sale and Purchase Agreement (the “Agreement”) with PlugD Commercial Electric Leasing and Rentals Inc. (“PlugD”), a Texas-based commercial electric vehicle leasing company. Under the terms of the Agreement, EVTV will deliver 200 electric high roof vans and trucks to PlugD for a total of approximately $16.2 million. The sale will take place over the next 13 months. “We are thrilled to partner with PlugD in this transformative venture,” Phillip Oldridge, CEO of Envirotech Vehicles. “This order represents the largest deal to date for Envirotech and reaffirms our team’s 30-plus years of commitment to the development of purpose-built, low-maintenance, zero-emissions vehicles.” “At PlugD, we are committed to providing our customers with the best vehicles for their business growth in the commercial fleet space.” said CEO Adam Greenberg. “After personally testing several different manufacturers, we chose Envirotech Vehicles because they are not only able to deliver with current inventory but were more reliable and cost-effective. The safety features and smooth ride are unmatched, and as a sales and leasing company, we feel confident in knowing that our customers and communities will benefit from this technology They represent the pinnacle of efficiency, reliability, and sustainability, embodying the future of transportation.” This historic purchase order highlights the growing demand for electric vehicles and the increasing recognition of their importance in addressing business, social, and environmental challenges. PlugD and Envirotech Vehicles are proud to lead the way in advancing sustainable transportation solutions and shaping a more reliable, cleaner, and brighter future for generations to come. About Envirotech VehiclesEnvirotech 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. We serve commercial and last-mile fleets, school districts, public and private transportation service companies and colleges and universities to meet the increasing demand for heavy-duty electric vehicles. Our 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 StatementsStatements 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. Envirotech Vehicles, Inc.Franklin Lim, CFOTelephone: (870) 970-3355Email: [email protected] PlugD Commercial Electric Leasing and Rentals Inc.Vanessa Castro, Director of [email protected]

News

Envirotech Vehicles Announces an Update on $4.3 million Revenue Backlog Related to NJ ZIP Program

OSCEOLA, AR / ACCESSWIRE / March 12, 2024 / Envirotech Vehicles, Inc. (NASDAQ:EVTV), a provider of new zero-emission, purpose-built electric vehicles (the “Company”), today announced that the Company currently has 43 vehicles on order from 19 customers with binding purchase orders and with funding approved by New Jersey’s Zero Emission Incentive Program (“NJ ZIP”) As noted above, these orders represent approximately $4.3 million in revenue, and are anticipated to be delivered in 2024. Philip Oldridge, Chief Executive Officer of Envirotech Vehicles, commented, “We are pleased to provide this update to our investors and customers to demonstrate that we have been hard at work to attract additional customers through NJ ZIP. Significant interest in green transportation from the business owners in the state of New Jersey in conjunction with the NJ ZIP program continues to be strong, and we look forward to providing customers in New Jersey with our best-in-class vehicles. We are also excited to continue to be participating in the program in its second phase, which began in 2022.” NJ ZIP’s second phase is a $19million voucher program that supports businesses and institutions purchasing new, zero-emission vehicles operating in the greater Newark and greater Camden areas by offering up to $175,000 towards the purchase of medium and heavy duty zero-emission vehicles. The program provides vouchers with base values ranging between $20,000 to $175,000 for businesses and institutional organizations looking to transition their fleets to zero-emissions. Bonuses are available for small businesses and minority-, women-, and veteran-owned businesses. NJ ZIP is funded by proceeds allocated to the New Jersey Economic Development Authority (“NJEDA”) by the Regional Greenhouse Gas Initiative (“RGGI”) for the purposes of reducing harmful emissions, especially in communities disproportionately impacted by transportation emissions, and creating economic opportunity within the state. 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. We serve commercial and last-mile fleets, school districts, public and private transportation service companies and colleges and universities to meet the increasing demand for heavy-duty electric vehicles. Our 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.

Case Studies

Bringing Electric Vehicle Solutions to Last Mile Service Providers

In a world dominated by ever-changing industries fueled by forward thinkers, it is not surprising to see a rise in electric vehicles. Three times as efficient as gasoline vehicles, electric vehicles are expected to reach sales of 1.4 million by 2025. While Tesla has become a  household name, there are also EV companies nationwide focused on making homes environmentally friendly. As a company focused on energy saving and protecting the environment, Shine Solar is bringing environmentally safe services to homes. Products and services like solar panels and batteries, HVACs and LED lighting are key components of Shine Solar’s offerings.  THE CHALLENGE Running a business with a mission of “HAPPY PLANET, HAPPY POCKETBOOK, HAPPIER YOU!” only makes sense when all aspects of the business fall into this statement as well. Providing environmentally-friendly services and products while still showing up in combustible vehicles goes against every aspect of Shine Solar’s mission statement.  Shine Solar was in urgent need of an electronic vehicle partner who not only held the same ethics and guidelines, but was set up and ready to launch an electric vehicle fleet service immediately. When customers are met by a personal solar concierge to help with any questions and to eventually track the solar installation process, the concierge should also be exemplifying every aspect of living an environmentally-friendly lifestyle, starting with the mode of transportation. THE SOLUTION Enter Envirotech Vehicles, Inc. (EVT), a provider of purpose- built zero-emission vehicles focused on reducing the cost of vehicle ownership and helping fleet operators unlock the benefits of green technology. EVT provided Shine Solar with several electric vehicles for test-driving and were already building and selling electric vehicles to meet the needs for mixed use service with specifications on the range of service and battery life to ensure the vehicle could make a complete trip without needing a charge.  “If you are in the last mile delivery service – plumbers, electricians, florists – EVT provides you with enough flexibility in their vehicle lineup to do anything you are trying to do to provide that service,” said Nicholas Gorden, CEO and Co-Founder of Shine Solar. EVT specializes in serving commercial and last-mile fleets, school districts, public and private transportation service companies and colleges and universities to meet the increasing demand for heavy duty electric vehicles, making this the perfect partnership. EVT vehicles address the challenges of traditional fuel price cost instability and local, state and federal environmental regulatory compliance. THE RESULT Shine Solar started their partnership with EVT in 2021 to create an electric vehicle fleet. Initially, two vehicles emerged, a van and a cab & chassis truck. In the next 36 months, Shine Solar will have over 100 EVT vehicles in their fleet. The majority of the fleet vehicles will be cab & chassis trucks that EVT will help scale into box trucks with multipurpose use and several vans that will allow for smaller service runs. “Working directly with EVT to ensure our fleet vehicles can meet their route without needing a charge was a game changer, especially when service is being done outside of city limits,” said Gorden.  Electric vehicles provide large cost savings in gasoline and maintenance costs. Shine Solar expects to break even on their electric fleet investment in the next four to five years. Gordon added, “EVT are experts in engineering and designing electric fleet vehicles. They have built their career in the transportation industry.” Finding an electric vehicle partner who is ready to make a difference with you and your company is a game changer. EVT is ready to help you make a difference. To learn more about EVT and the services they can provide your business, visit http://evtvusa.com.

Press Releases

Envirotech Vehicles Announces Osceola, Arkansas as Site of its State-of-the-Art Manufacturing Facility

CORONA, CA /Feb. 22, 2022 / Envirotech Vehicles, Inc. (OTCQX: EVTV), a provider of new zero-emission, purpose-built electric vehicles (the “Company”), has announced Osceola, Arkansas as the site of its previously announced state-of-the-art manufacturing facility. The Company has purchased an approximately 580,000 square foot facility, located at 1425 Ohlendorf Road, and hiring for the facility will commence immediately. The manufacturing facility is expected to create more than 800 jobs as well as indirect jobs in Mississippi County. Phillip Oldridge, CEO of Envirotech Vehicles, commented, “We are thrilled to announce that we have chosen Osceola as the home of our first U.S.-based manufacturing facility, backed with the support of the Great River Economic Development Foundation and the state of Arkansas. We are confident that Osceola has the perfect business climate and local workforce to allow us to see growth and success in the region as the state’s first commercial electric vehicle manufacturer. This, and the plant’s location near the Mississippi River with access to the port of Osceola, will be vital as we position EVT to bring new innovation and technology advancements to the state.” Envirotech Vehicles purchased the facility from the city of Osceola and intends to initially utilize the plant to handle the final outfitting and shipment of its imported vehicles while simultaneously converting the plant into a full manufacturing operation. The total cost of the project is an estimated investment of more than $80 million within five years, which includes the cost of the building, equipment and other costs. When asked about the impact Envirotech Vehicles will have on sustainable manufacturing in the state, David B. Burritt, U. S. Steel President and Chief Executive Officer said, “As the only LEED-certified steel mill in America, U. S. Steel’s Big River Steel enthusiastically welcomes Envirotech Vehicles to Arkansas. With forward-thinking enterprises such as EVTV, Arkansas is becoming a center for advanced, sustainable manufacturing in the United States. We are pleased to be partnering with Envirotech Vehicles in producing a future that is Best for All.” Clif Chitwood, President of the Great River Economic Development Foundation commented, “We have been intently focused on diversifying the economic profile of Mississippi County by attracting companies from new industries. Envirotech has a long history of producing purpose-built electric trucks and vans, and we believe the Company will be a valuable addition to the area, bringing a combination of employment opportunities, including technology, manufacturing and engineering.” Sally Wilson, Mayor of Osceola said, “We’re pleased to welcome Envirotech Vehicles to our city and believe that their selection of Osceola for the establishment of their U.S. manufacturing operations demonstrates their confidence in our workforce and the economic strength in our area.” The Envirotech Vehicles’ team brings more than 30 years of industry expertise, as well as access to an innovative, growing customer-ready product line of vehicles, systems and green technology that serves last-mile fleets, school districts, public and private transportation service companies and colleges and universities to meet the increasing demand for heavy-duty electric vehicles. The Company is currently manufacturing and delivering three products to customers:  Electric Urban Trucks, Electric Logistics Vans and Electric Cutaway Vans. The Company is recruiting for manufacturing, engineering, and other professional positions. For more information, please visit www.evtrkansas.com or www.evtvusa.com. For photos, video and more information, please visit bit.ly/EVTVPressKit22. 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. We serve commercial and last-mile fleets, school districts, public and private transportation service companies and colleges and universities to meet the increasing demand for heavy-duty electric vehicles. Our 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 Contacts: IMS Investor Relations John Nesbett/Jennifer Belodeau Telephone: (203) 972-9200 Email:  [email protected] Arkansas Press Inquiries Kristen Nicholson, APR Telephone: (501) 350-3658 Email: [email protected] Envirotech Vehicles Susan Emry, Executive Vice President Telephone: (951) 407-9860 ext. 1207 Email: [email protected] SOURCE: Envirotech Vehicles, Inc.

Press Releases

Envirotech Vehicles Inc. – The Desk of the CEO

Many of you have been closely following our progress and know that it’s been a very busy few months since I last updated you.  Our business isn’t always linear in its growth, but recently I took a moment to reflect on the tremendous activity that we’ve been seeing, and I want to share some of our noteworthy highlights and accomplishments. As I’ve mentioned previously and you can gather from just watching the news; there are many federal and state incentive programs underway to encourage the shift to EV use, and Envirotech is ideally positioned to capitalize on this transition.  President Biden not only signed a “Buy America” Executive Order in January 2021 that mandates the replacement of almost half a million government vehicles with U.S.-manufactured electric vehicles, the administration followed that with the American Jobs Plan, published in March, which includes point of sale rebates and tax incentives to buy American-made EVs.  In addition to these aggressive federal commitments, many states are establishing timelines to eliminate gasoline-powered vehicles.  California has identified 2030 as its goal year to mandate that 100% of all new vehicles sold be zero-emission and New York also has a similar law in place that establishing 2035 as their target year for this change. These legislative commitments are great for the environment and very favorable to our business.  Envirotech is well positioned to help our customers comply with these zero-emission mandates, because we have a turnkey inventory of vehicles that are already manufactured and ready for our customers.   For example, we’re seeing a great deal of sales activity related to the NJ Zip voucher program, which is a New Jersey program that supports businesses and institutions purchasing new, zero-emission vehicles operating in the greater Newark and greater Camden areas by offering up to $100,000 towards the purchase of battery-electric vehicles.  As of the date of this letter, under this program that we were approved for in June 2021, Envirotech Vehicles’ customers have already received voucher grants toward the purchase of 13 vehicles with a total value of $1,229,999. In addition to our focus on providing the best purpose-built EVs, we also look for innovative ways to differentiate ourselves in the growing EV space.  To that end, we’re very excited to have recently announced an LOI to acquire battery manufacturer ProGreens New Energy Technology Co. LTD. This acquisition is transformational to our Company because it uniquely positions us as one of the few EV companies with battery manufacturing capabilities.  In addition to providing batteries for our vehicles as we scale, ProGreens also makes state-of-the-art energy storage systems (ESS). ESS is a rapidly growing multi-billion-dollar market with applications including EV charging stations or energy backup for commercial and residential solar, and we believe this will be an exciting contiguous market opportunity for us. We continue to expand our reach in the marketplace through strategic Factory Authorized Representative (FAR) agreements and recently signed agreements with Shine Solar and Hoglund Bus Co.  Shine Solar is a well-known and respected provider of solar energy equipment in cities across Arkansas, Missouri, Oklahoma and Tennessee, with a customer base focused on green energy solutions – an ideal fit for our environmentally friendly fleet trucks.  Minnesota-based Hoglund sells and leases a broad variety of buses, and they are the first company we’ve partnered with in the Midwest, which we believe will help us expand our product recognition and reach in this region of the U.S. Our FAR partnerships are a key part of our growth strategy, and we continue to selectively sign deals like this to support our sales and customer service initiatives while capitalizing on the rapidly growing EV market. We remain energized by the growing focus and enthusiasm around the transition to electric vehicles.  It is gratifying to see ongoing legislative efforts to incentivize fleet operators to make the change to zero-emission transportation.  There are many business owners who recognize the importance of protecting our environment, but also need to recognize economic benefits in order to ensure that the switch to EVs makes sense for their business. State and federal programs are easing the path to near-term change.  Envirotech stands ready with our inventory of efficient, reliable, best-in-class light-to heavy-duty electric vehicles to capitalize on the tremendous opportunities we’re seeing in the marketplace. Thank you for your continued support and belief in Envirotech. Best, Phillip Oldridge Chief Executive Officer

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