GreenPower Motor Company, a maker of all-electric, zero-emission medium and heavy-duty vehicles, has initiated the sale of its emissions compliance credits. These credits, accumulated under various zero-emission and greenhouse gas regulations, cover GreenPower’s electric vehicles across cargo, delivery, transit, and school bus markets.
GreenPower CEO Fraser Atkinson noted that the company’s all-electric trucks, passenger vehicles, and school buses have generated a substantial number of tradable credits. Atkinson stated, “We’re currently in discussions with several traditional OEMs and have engaged brokerage firm Kardos & Associates LLC to support our credit sales. Given Tesla’s successful precedent in credit trading, we see strong potential for significant revenue.” He added that rising emissions standards at the state and federal levels are driving demand for compliance credits, putting GreenPower in an advantageous position.
GreenPower’s credits fall under programs like California’s Advanced Clean Truck regulation, EPA’s Phase 3 GHG regulation, and NHTSA’s Fuel Consumption Credit programme. These initiatives allow manufacturers to earn credits by surpassing regulatory emissions standards, which can then be used for internal compliance or traded to other manufacturers. As an all-electric vehicle producer with no internal emissions deficits, GreenPower is able to trade all credits generated.
