ev Transportation Services (“evTS”), a designer, developer and manufacturer of all-electric lightweight commercial vehicles and fleet management solutions, is poised for opportunity amid expected dramatic increase in growth for the electric vehicle (“EV”) market. As companies continue to be pressured by both regulators and consumers to reduce their carbon footprint, industry demand for this segment of the industry in the United States, China and Europe is expected to grow at a 33% CAGR from 2019 to 2028 according to BloombergNEF. evTS is leading the charge forward in this new world of electric vehicles as the designer, developer and manufacturer of the FireFly ESV(R), a lightweight commercial utility EV with a range of 100-plus miles on a single charge — more than any other EV in its class. Earlier in 2020, evTS announced its newest FireFly, the 2021 model, which incorporates all of the best features from previous models and adds upgrades that include a bigger cab with more leg room, a new windshield design with improved visibility, as well as real-time remote diagnostics and 360-degree video monitoring. A recent article discussing this reads, “The new model arrives just in time. According to the Allied Market Research report, the global electric vehicle market is projected to reach $802.81 billion by 2027 (https://ibn.fm/Ukt7A), and ev Transportation is strongly positioned in the burgeoning space. The company has already inked a deal with ADOMANI Inc., a leading provider of EVs, to provide 120 FireFly ESV vehicles (https://ibn.fm/b0edF). This partnership will help expand sales in California and surrounding states.”
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About ev Transportation Services Inc (“evTS”)
evTS designs, develops and manufactures all-electric, lightweight commercial utility vehicles and fleet management solutions. Based in Boston, the company is currently focused on the essential services transportation market, which represents a replacement market of approximately 100,000 vehicles or roughly $2.5 billion annually. End user applications for the company’s vehicles include, among others, parking enforcement, security patrol, utility meter reading, parks & recreation, sanitation, airports, seaports, universities, warehouses & fulfilment, and local small package delivery. More information can be found at http://evtaas.com.
NOTE TO INVESTORS: The latest news and updates relating to evTS are available in the company’s newsroom at https://ibn.fm/EVTS
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