Solectrac e25 Compact Electric Tractor Now Eligible for Clean Off-Road Equipment Voucher Program

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$125 million financial assistance vouchers are available for California off-road equipment users who want to buy a new electric tractor

WINDSOR, Calif., July 25, 2022 /PRNewswire/ — Solectracmanufacturer of electric tractors and operator of ideonomic (NASDAQ:IDEX), today announced that its popular e25 compact electric tractor is now eligible for the Clean Off-Road Equipment (CORE) voucher incentive program. Solectrac e25 tractor vouchers are available immediately to provide financial assistance to California businesses and government agencies. The CORE Voucher incentive program is a $125 million project encouraging users of off-road equipment to switch to zero-emission options.

Often, upfront costs prevent conversion to electric tractors, although over the life of the machine, Solectrac electric tractors provide substantial savings over diesel,” says Mani Iyer, CEO of Solectrac. “The CORE vouchers will help offset the initial cost of purchasing an electric tractor versus similar diesel models. We work with agencies across the country, so it is very exciting that our e25 is part of California CORE Voucher Incentive Program.”

CORE helps facilitate the transition to off-road electric equipment, which is as important as on-road electric vehicles in combating climate change, reducing dependence on fossil fuels and implementing new technologies. CORE works with the California Air Resources Board (CARB) to meet emissions goals and improve air quality across the state. Solectrac’s acceptance into the CORE program illustrates the importance of including regenerative agriculture in the movement towards electrifying off-road equipment for the betterment of our climate, as the e25 tractor offers a cleaner and more economical to diesel tractors.

CORE vouchers work like a point-of-sale rebate and have no disposal requirements. Additional funds are available for charging and refueling infrastructure and for equipment deployed in disadvantaged communities. To request a CORE voucher for a Solectrac e25 tractor, visit https://californiacore.org.

About Solectrac
Solectrac, Inc., located at Northern California, has developed battery-powered electric tractors for agricultural and utility operations. Solectrac tractors offer farmers around the world the ability to power their tractors using the sun, wind and other clean, renewable energy sources. The company’s mission is to provide farmers with independence from the pollution, infrastructure and price volatility associated with fossil fuels.

About Ideonomics
Ideanomics (NASDAQ:IDEX) is a global company with a simple mission: to accelerate the commercial adoption of electric vehicles. By linking vehicles and charging technology with design, implementation and financial services, we provide solutions that enable the commercial world to engage in an electric vehicle future. To keep up to date with Ideanomics, please follow the company on social media @ideanomicshq or visit: https://ideanomics.com.

contacts:
Ideanomics, Inc.
Tony SklerSenior Vice President of Investor Relations
1441 Broadway, Suite 5116, New York, NY 10018
[email protected]

Malory Van Guilder, PR Skyya for Ideanomics
[email protected]

SOURCESolectrac

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