GreenPower's EV Star Products Eligible for Up to $130,000 in Incentives
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 16 2025
0mins
Source: PRnewswire
- Incentive Program Reopening: GreenPower Motor Company announces that its EV Star product line is eligible for up to $130,000 in incentives under the Clean Truck and Bus Voucher Incentive Project (HVIP), significantly reducing purchase costs for customers and enhancing market acceptance of electric vehicles.
- Large Funding Pool: The HVIP program reopened today with over $140 million in available incentives, which not only provides financial support to electric vehicle manufacturers but also accelerates the rapid development of the entire electric transportation industry.
- Market Opportunities: By participating in the HVIP program, GreenPower can attract more customers interested in electric transportation solutions, further solidifying its market position in cargo, school bus, and public transit sectors, with expectations of significantly boosting sales performance.
- Environmental Strategy: The implementation of this incentive policy aligns with GreenPower's zero-emission goals, demonstrating the company's strong commitment to promoting sustainable transportation solutions while enhancing its brand image and market competitiveness.
Get Free Real-Time Notifications for Any Stock
Monitor tickers like GP with instant alerts to capture every critical market movement.
Sign up for free to build your custom watchlist and receive professional-grade stock notifications.
Analyst Views on GP
About GP
GreenPower Motor Company Inc. is a Canada-based company, which designs, builds and distributes a full suite of high-floor and low-floor all-electric medium and heavy-duty vehicles, including transit buses, school buses, shuttles, cargo van and a cab and chassis. It employs a clean-sheet design to manufacture all-electric vehicles that are purpose built to be battery powered with zero emissions while integrating global suppliers for key components. This original equipment manufacturer (OEM) platform allows the Company to meet the specifications of various operators while providing standard parts for ease of maintenance and accessibility for warranty requirements. The Company has its primary operational facilities in southern California. Its products include EV Star Cab & Chassis; EV Star Cab & Chassis Right Hand Drive; EV Star Cargo; EV Star Cargo Plus; EV Star Stakebed Truck; EV Star Passenger Van; EV Star Mobility Plus; AV Star; EV250; EV350; Type D BEAST; Mega BEAST, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
GreenPower Motor Company Secures $5 Million Financing to Advance Electric Vehicle Production
- Successful Financing: GreenPower Motor Company has closed a $5 million financing from CIBC, consisting of a $3 million revolving line of credit and a $2 million term loan with a three-year term, enhancing the company's liquidity to support electric vehicle production.
- Personal Guarantee Incentives: Two directors provided personal guarantees for the financing up to $5 million and received 2,016,129 warrants and 403,225 shares as incentives, further strengthening the company's governance structure.
- Clear Use of Funds: A portion of the net proceeds from the financing was used to repay the existing operating line of credit, while the remainder will be allocated for general corporate purposes, ensuring the company's ongoing operations and growth in the electric vehicle market.
- Transparent Compliance Transactions: The issuance of warrants and shares is classified as a related party transaction, exempt from formal valuation and minority approval requirements under MI 61-101, ensuring compliance and transparency during the financing process.
Continue Reading
U.S. Nonfarm Payrolls Increase by 50,000, Unemployment Rate Drops to 4.4%
- Labor Market Stability: According to the Bureau of Labor Statistics, nonfarm payrolls increased by 50,000 in December 2025, remaining largely unchanged from November's downwardly revised gain of 56,000, although slightly below the expected 60,000, indicating resilience in the labor market and easing concerns about rising unemployment.
- Unemployment Rate Decline: The unemployment rate fell from a revised 4.5% in November to 4.4%, landing below expectations of 4.5%, suggesting improvements in the labor market that could support consumer confidence and spending.
- Wage Growth Acceleration: Average hourly earnings rose by 0.3% month-over-month, accelerating from November's 0.2% increase and matching forecasts, which may drive consumer spending and bolster economic growth.
- Housing Market Slowdown: Housing starts declined by 4.6% from the previous month to an annualized rate of 1.246 million units, while building permits fell by 0.2% to an annualized rate of 1.412 million, indicating a slowdown in the real estate market that could impact the overall pace of economic recovery.
Continue Reading