Workhorse Group Inc. (NASDAQ:WKHS) (“Workhorse” or “the Company”), an American technology company focused on pioneering the transition to zero-emission commercial vehicles, today announced the California Air Resources Board (“CARB”) determined the Company’s W56 electric vehicle (“EV”) is eligible for the Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project (“HVIP”).
The HVIP incentive program reduces cost barriers for EV ownership in California to help transition the state to zero emissions. Through the HVIP incentive program, vehicle purchasers and participating dealers are eligible to apply for a base voucher of $85,000 per W56 purchased.
The W56 is Workhorse’s first fully designed, purpose-built Class 5/6 model chassis platform. The Company began production of the W56 in September 2023 and recently received its first fleet purchase order for W56 step vans in California.
“The receipt of HVIP approval from CARB for the W56 is the next step for Workhorse to unlock growth opportunities and build market share in the EV step van segment,” said Workhorse CEO Rick Dauch. “We are continuing production of the W56 and have strategically expanded our regional dealer network in California and other states where we expect CARB mandates will be adopted. We have held numerous positive product demonstrations in California, and customer interest for the W56 is strong. With the HVIP approval and capacity to build up to 5,000 W56 units per year, Workhorse is well positioned to advance our product roadmap and drive growth.”
Additional information about the W56 can be found on Workhorse’s website here.
