GreenPower Motor Company (NASDAQ: GP) announced plans to sell the tradable emissions credits it has generated through its zero-emission electric vehicles. With a growing market for such credits, driven by tightening regulations, GreenPower has partnered with brokerage firm Kardos & Associates LLC to explore sales opportunities. The credits, which stem from GreenPower’s all-electric commercial trucks, buses, and vans, could generate significant revenue, akin to Tesla's success in the space. As demand from traditional OEMs rises, GreenPower is well-positioned to capitalize on the compliance needs of major manufacturers.
Disclosure
GreenPower Motor Company (GP) is a client of RedChip Companies, Inc. GP agreed to pay RedChip Companies, Inc. a one-time $20,000 fee for a national TV ad campaign aired September 9 to September 20, 2024, and a one-time $20,000 fee for a one-week national TV ad campaign beginning October 23, 2024. RedChip receives additional compensation in connection with other investor awareness services for GP. For specific details, please visit https://www.redchip.com/legal/disclosures. This is not a solicitation to buy or sell securities.