InvestorNewsBreaks – Ideanomics Inc. (NASDAQ: IDEX) Subsidiary’s eTractor Becomes Eligible for Voucher Incentive Program
Jul 25, 2022
Ideanomics (NASDAQ: IDEX) and its operating company, Solectrac, have announced eligibility for the Clean Off-Road Equipment (“CORE”) voucher incentive program. Solectrac’s popular e25 compact electric tractor qualifies for the program, which encourages off-road equipment users to move to zero-emission options and provides financial assistance vouchers to people in California who are looking to purchase electric tractors. According to the announcement, vouchers for Solectrac’s e25 tractor are available immediately. Upfront costs for California businesses and government entities to convert to electric tractors can be cost prohibitive, despite the fact that electric tractors offer substantial cost savings over the more traditional diesel-powered vehicle. Located in northern California, Solectrac offers battery-powered electric tractors for agriculture and utility operations; the company is on a mission to offer farmers independence from the pollution, infrastructure and price volatility associated with fossil fuels. The CORE program works in collaboration with the California Air Resources Board (“CARB”) to meet emissions goals and improve air quality statewide. The company noted that its acceptance into the program indicates the importance of including regenerative agriculture in the movement towards electrifying off-road equipment. “The CORE vouchers will help offset the upfront cost of purchasing an electric tractor in comparison to similar diesel models,” said Solectrac CEO Mani Iyer in the press release. “We work with agencies around the country, so it is very exciting to have our e25 be a part of California’s CORE Voucher incentive program.”
To view the full press release, visit https://ibn.fm/bzbCm
About Ideanomics Inc.
Ideanomics is a global group with a simple mission: to accelerate the commercial adoption of electric vehicles. By bringing together vehicles and charging technology with design, implementation and financial services, the company provides the solutions needed for the commercial world to commit to an EV future. For more information about the company, please visit www.Ideanomics.com.
NOTE TO INVESTORS: The latest news and updates relating to IDEX are available in the company’s newsroom at https://ibn.fm/IDEX
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