Thu, 16 Jul 2020

ADOMANI(R) Joins National Zero-Emission Truck Coalition

ACCESSWIRE
26 Jun 2020, 06:19 GMT+10

National Coalition of Heavy Truck Leaders Calls for Major Federal Role, Investments to Support U.S. Leadership in Zero-Emission Trucks

CORONA, CA / ACCESSWIRE / June 25, 2020 / ADOMANI, Inc. (OTCQB:ADOM) a provider of new zero-emission, purpose-built electric vehicles and drivetrain solutions, announced today its membership in the National Zero-Emission Truck (ZET) Coalition ('ZET Coalition'), a CALSTART-organized and diverse group of stakeholders across the clean commercial vehicle supply chain advocating for federal investments.

The National Zero-Emission Truck (ZET) Coalition, representing America's major heavy truck makers, innovators, suppliers and key stakeholders, has released its priority federal recommendations to support this critical sector. The recommendations call for an increased federal role and funding to ensure U.S. tech leadership in this clean air technology, including a national point-of-sale incentive program to help drive the near-term production of zero-emission medium- and heavy-duty vehicles (MHDVs), including clean trucks and buses, in the United States.

The Coalition, organized by clean transportation industry organization CALSTART, is also urging that federal funding be targeted at commercial zero-emission vehicle charging and refueling infrastructure and that federal innovation investments be increased for zero-emission technologies to secure U.S. competitiveness over the next decade.

'America has the power to lead in the expanding, zero-emission truck market,' said Bill Van Amburg, Executive Vice President of CALSTART. 'But we must take an active role. Other nations are investing aggressively. Our industry coalition believes a strong federal partnership can create jobs that also clean our nation's air, foster innovation and solidify American competitiveness in this global field.'

High-tech, zero-emission commercial vehicles are in development or early production in most weight classes and global demand is on the rise. For the U.S. to remain competitive and to jumpstart zero-emission truck production in this time of economic crisis, the ZET Coalition recommends targeting $2+ billion for point-of-sale purchase incentives. This structure has a proven track record at the state level of helping fleets quickly procure zero-emission commercial vehicles, and have proven successful in jumpstarting domestic clean MHDV manufacturing. While there are tax credits for zero-emission cars, the U.S. currently does not provide direct support for the production of larger clean commercial vehicles - all the more critical with these vehicles' outsized impact on current transportation emissions. The recommended investment could transform the domestic ZET industry, build a strong domestic supply chain that provides high quality manufacturing jobs, and dramatically improve air quality in cities and along congested freight corridors.

Tightly coupled with this proven policy tool to drive zero-emission vehicle production and sales, the Coalition is advocating for corresponding investments in charging and refueling infrastructure to support these vehicles, both battery electric and fuel cell electric. Finally, the group is recommending an additional $250 million per year over five years in funding for innovation through research, development, and demonstration programs that would support transportation electrification investment in ZETs; their component and manufacturing processes; and infrastructure management, scaling, and expansion.

The ZET Coalition believes federal leadership is critical. MHDVs contribute about 60% of air pollution in major metropolitan areas and account for approximately 22 percent of energy use in the U.S. transportation sector - a figure that is growing with the rapid rise in e-commerce.

The recommended federal investments would enable the production of tens of thousands of zero-emission commercial vehicles by 2025, supporting domestic manufacturer jobs, promote technology leadership and U.S. competitiveness, and help improve the air and quality of life of the communities most impacted by dirtier heavy-duty vehicle emissions.

The National Zero-Emission Truck Coalition members include:

ABB * ADOMANI * Arrival * Bollinger Motors * BYD * CALSTART * Chanje * ChargePoint * Cummins * Daimler * Eaton * Environmental Defense Fund * eNow * Lion Electric * Mack Trucks * Morgan Olson * Motiv Power Systems * Navistar * Nikola Corporation * Odyne Systems * PACCAR * Proterra * Revolv * Rivian * SDG&E * South Coast AQMD * Tesla * TransPower * Viatec * Volvo Trucks

About ADOMANI®

ADOMANI, Inc. is a provider of new zero-emission electric vehicles and is a provider of zero-emission electric drivetrain systems for integration in medium to heavy-duty commercial fleet vehicles, as well as re-power conversion kits for the replacement of drivetrain systems in combustion-powered vehicles. ADOMANI's zero-emission electric vehicles are focused on reducing the total cost of vehicle ownership and help fleet operators unlock the benefits of green technology and address the challenges of traditional fuel price instability and local, state and federal environmental regulatory compliance. For more information, visit www.ADOMANIelectric.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 ADOMANI 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,' 'expects,' 'believes,' 'strategy,' 'opportunity,' 'anticipates,' '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, ADOMANI undertakes no obligation to update or revise any forward-looking statements to reflect new information, changed circumstances or unanticipated events.

Investor Relations Contacts:

ADOMANI, Inc.

Kevin Kanning, VP Investor Relations
Telephone: (650) 533-7629
Email: kevin.k@ADOMANIelectric.com

Michael K. Menerey, Chief Financial Officer
Telephone: (951) 407-9860 ext. 205
Email: mike.m@ADOMANIelectric.com

Renmark Financial Communications, Inc.

John Boidman, CPIR: jboidman@renmarkfinancial.com
Telephone: (416) 644-2020, ext. 1208 or (514) 939-3989

SOURCE: ADOMANI, Inc.



View source version on accesswire.com:
https://www.accesswire.com/595262/ADOMANIR-Joins-National-Zero-Emission-Truck-Coalition

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