PRISM EV: GreenPower is Cashing In On Its Carbon Credits

GreenPower Motor Company Inc. (GP), a leading manufacturer and distributor of all-electric, medium and heavy-duty vehicles, announced today that it has initiated the sale of its tradable emissions compliance credits. These credits were earned under various zero-emission vehicle (ZEV), greenhouse gas (GHG) emissions, fuel consumption, renewable energy, and clean fuel regulations.

“Through the manufacturing and sale of GreenPower’s all-electric, purpose-built, zero-emission commercial trucks, passenger vehicles and school buses, we have generated hundreds of tradable credits and will continue to generate significant numbers of tradable credits” said GreenPower CEO Fraser Atkinson. “We are in discussions with a number of traditional OEM manufacturers and have also engaged veteran brokerage firm, Kardos & Associates LLC, to assist us in selling our credits, which if a sale is completed,  based on Tesla’s success in trading credits, could generate significant potential revenue for GreenPower.  Given the increasingly more stringent emissions standards being implemented by state and federal regulators, the demand for credits is increasing and GreenPower is positioned to benefit by supplying traditional OEMs with the credits needed to ensure compliance with the regulations.”

Once generated, the credits can be used to offset internal deficits or traded to other manufacturers. As an all-electric truck manufacturer, GreenPower has no internal deficits, enabling it to trade every credit it produces.