Smith Electric Vehicles Corp. (Smith), a leader in all-electric commercial vehicles, announced that the company will expand its U.S. operations by adding a manufacturing facility in New York State, creating up to 100 new direct local jobs. Smith will manufacture the zero-emission Newton™, its all-electric medium duty vehicle with a range of up to 150 miles and an average annual operating cost that is one-third to one-half that of conventional diesel trucks with comparable gross vehicle weights (GVWs), at the new facility beginning in 2012. A package of city and state incentives of approximately $11 million will augment Smith's private investment.
New York Gov. Andrew Cuomo announced the development of a federally-funded, multiyear commercial electric vehicle (EV) buyer incentive program to accelerate adoption of commercial EVs and allow for strategic fleet conversion throughout New York State. The program, with an expected run of five years, has been specifically tailored to help companies inNew York.
State convert significant portions of their fleets as a result of the ability to plan with vouchers available over multiple years. The New York State Department of Transportation (NYSDOT) has committed $10 million in federal Congestion Mitigation and Air Quality (CMAQ) funding for the first year, which will be offered in the form of vouchers of up to $20,000 per vehicle. The program will be managed by New York State Energy Research and Development Authority (NYSERDA), and will offer voucher incentives to the purchasers of any qualified all-electric vehicle over 10,000 pounds GVW - regardless of manufacturer. The Smith Newton qualifies for this program.
"This expansion reflects an important step in executing Smith's localized assembly, sales and service strategy," commented Bryan Hansel, CEO and chairman of Smith. "Our approach creates jobs, provides Smith customers with more localized support and significantly reduces the costs associated with shipping completed vehicles to our customers. We applaud the governor's leadership and that of the numerous state and local officials who have come together to support a program that encourages fleets to accelerate their conversion from diesel to electric."