Xos Stepvans Eligible for Thousands in State and Federal Incentives

LOS ANGELES, Oct. 05, 2023 (GLOBE NEWSWIRE) -- Xos, Inc. (NASDAQ: XOS) is proud to announce that their 2023 Xos SV is eligible for impressive incentives in place by both federal and state governments. With IRS approval as a qualified manufacturer for the Commercial Clean Vehicle Credit, Xos customers are eligible to receive up to a $40,000 tax credit for deliveries of all Xos Stepvans until the program ends in 2032.

“We are thrilled our customers will be eligible to take advantage of these incentives,” said Xos CEO, Dakota Semler. “Our goal is to make fleet electrification a smooth and easy transition, and these incentives make it even easier, and more cost effective for our customers to make the switch to electric.”

In addition to the federal incentives, Xos customers are also eligible for the California Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project (HVIP) which can save them up to $85,000 on the purchase price of an Xos Stepvan.

Xos stepvans are also eligible for incentives in other states such as Texas, New Jersey, New York, and Colorado. You can view more incentives at .

Xos Trucks is committed to making fleet electrification more accessible and affordable for businesses. With the incentives available, Xos customers can save thousands of dollars on the purchase of an Xos Stepvan.

About Xos, Inc.

Xos is a leading technology company, fleet services provider, and original equipment manufacturer of Class 5 through Class 8 battery-electric vehicles. Xos vehicles and fleet management software are purpose-built for medium- and heavy-duty commercial vehicles that travel on last-mile, back-to-base routes of up to 270 miles or less per day. The company leverages its proprietary technologies to provide commercial fleets with battery-electric vehicles that are easier to maintain and more cost-efficient on a total cost of ownership (TCO) basis than their internal combustion engine counterparts. For more information, visit .

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