Xos Hub Now Eligible for $160,000 CARB CORE Incentive

Xos Hub Now Eligible for CARB's CORE Incentive, saving customers $160K

LOS ANGELES, Sept. 05, 2023 (GLOBE NEWSWIRE) -- Xos, Inc. (NASDAQ: XOS), is proud to announce that the Xos Hub mobile charging unit is now eligible for the California Clean Air Resources Board's (CARB) Clean Off-Road Equipment Voucher Incentive Project (CORE). Xos customers are eligible to receive $160,000 in savings on their purchase of the Xos Hub as a result.

The CORE program provides point-of-sale discounts to off-set eligible zero-emission technologies. The CORE project applies to California-based purchases and leases of zero-emission off-road equipment. In addition, the incentive includes no scrappage requirement. Additional funding is available for certain charging and fueling infrastructure, equipment deployed in disadvantaged communities, and purchases of equipment by small businesses.

"We are thrilled to be part of the CORE Voucher Incentive Project and offer our customers this incentive," said Xos Energy Solutions Director, Danny Marquez. "We are committed to providing Xos customers with the best possible solutions to charge their fleets. The CORE incentive is a great way to help them save money and get charging quickly."

The Xos Hub is a rapidly deployable, mobile charging solution that enables flexible and scalable access to DC fast charging without the need for permanent infrastructure. It is designed to be easy to install and use and is compatible with commercial and passenger vehicle applications and is capable of charging up to five electric vehicles (EVs) at once. The Xos Hub—in combination with the CORE incentive—is the perfect solution for those looking to expedite their infrastructure projects and save on costs.

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 www.xostrucks.com.