In a landmark development, REE Automotive Ltd. has announced that its P7-C electric truck has received two certifications from the California Air Resources Board (CARB), making it eligible for sale in California.
The first certification is the Phase 2 Greenhouse Gas (GHG) covering the complete vehicle, while the second is the new Zero Emission Powertrain (ZEP) certification. This accomplishment is particularly noteworthy as it opens up eligibility for over $100,000 in state and federal incentives for the P7-C, contingent on the customer’s location.
Deliveries of the P7-C have already commenced to REE’s Authorized Dealer Network, and vehicle demonstrations are set to continue in the coming months. The company has expressed its enthusiasm for its California dealers as they prepare to receive the Powered by REE trucks.
The certification schedule for the P7-C also includes FMVSS and EPA (Environmental Protection Agency) certification, and the CEO and co-founder, Daniel Barel, has expressed his excitement, stating, “Being CARB certified unlocks many doors for us and for our customers as we can now sell in California.”
Barel continued, “This is a significant milestone since now Powered by REE vehicles can receive more than $100,000 incentive funding which makes it even easier for fleets to electrify. We believe that this cost savings, combined with our REEcorner and x-by-wire technology’s ability to lower total cost of ownership, will further boost the strong demand we see for our P7 lineup.”
REE Automotive’s P7-C has achieved the distinction of being the first U.S. FMVSS certified fully by-wire vehicle, solidifying its place as a pioneer in the industry.
For those interested in learning more about REE Automotive’s patented technology and unique value proposition, the company invites visits to their website at www.ree.auto.
Founded in Israel, REE Automotive is an automotive technology company specializing in the creation of electric vehicles of various shapes and sizes on modular platforms. Their vehicles, Powered by REE, are equipped with revolutionary technology known as REEcorner, designed to pack critical vehicle components into a compact module positioned between the chassis and the wheel.
The company’s platforms are built with complete design freedom, offering a future-proofed, autonomous capable, low total cost of ownership (TCO), and drastically reduce the time to market for fleets looking to electrify.
Media and investor inquiries can be directed to REE Automotive through the respective contacts listed below:
Media Contact
Malory Van Guilder
Skyya PR for REE Automotive
+1 651-335-0585
[email protected]
Investor Contact
Kamal Hamid
VP Investor Relations | REE Automotive
+1 303-670-7756
[email protected]
It is important to note that the content of this communication contains forward-looking statements within the meaning of the “safe harbor” provisions of relevant laws. All forward-looking statements are based on current expectations and assumptions, and there may be uncertainties and risk factors that could affect REE’s future performance and cause actual results to differ. Investors are urged to review REE’s filings with the U.S. Securities and Exchange Commission (SEC) for a comprehensive understanding of the company’s operations.
In conclusion, REE Automotive Ltd.’s receipt of CARB certifications for its P7-C electric truck marks a significant achievement, unlocking new opportunities for the company and its customers. This development has positioned REE as a leader in the electric vehicle industry and solidifies its commitment to revolutionizing e-mobility.