Vicinity Motor Corp (CVE:VMC) (OTCQX:BUSXF) (FRA:6LG) announced its Vicinity Lightning electric vehicle (EV) bus, as well as its line of EV trucks, have received eligibility for customer rebates of up to 33% of the purchase price through the Canadian province of British Columbia's (BC) CleanBC Go Electric Program.
The company said the rebates, valued at between $40,000 to $100,000, are intended to spur adoption of EVs in British Columbia.
“This significant rebate opportunity for customers, such as this rebate in BC, will propel the already strong momentum for our breakthrough Vicinity Lightning EV bus offering and recently announced VMC 1200 Class 3 EV truck,” Vicinity Motor CEO William Trainer said in a statement.
READ: Vicinity Motor intends to become top provider of EV buses for public and commercial enterprises in North America
“We believe the rebates will further position our EVs at a price point very suitable for mass deployment, increasing sales and building shareholder value,” Trainer added.
Vicinity Motor, formerly Grande West Transportation Group Inc, is a leading supplier of electric, CNG, gas and clean-diesel vehicles for both public and commercial enterprise use in the US and Canada.
The company's flagship line of Vicinity buses, which maintain a dominant market share in Canada, are produced by the company's world-class manufacturing partners or at the company's Buy America Act compliant assembly facility in Washington state.
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