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Despite a 58% decrease in revenue attributed to lower sales orders, the company achieved improved margins. Selling, general, and administrative expenses decreased by 4%, while research and development expenses were down by 24.3%.
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Richard Staveley takes the lead at EO Charging, which is focused on charging solutions for depot-based fleets.
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The award, from the Smart Electric Power Alliance, recognizes a project to bring electric school buses to the Bronx in New York City.
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Kathy Hochul, governor of the Empire State, announced that applicants could receive at least $25,000 per bus for hardware, site upgrades, installation costs, and battery storage.
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The company provides electric vehicle charging service to help meet California regulatory demands and to simplify the transition to electric school buses.
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The duo brings decades of experience to the school bus manufacturer, helping customers navigate choices between propane, electric, and diesel school buses.
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The zero-emission vehicle infrastructure funding incentives offer up to $20 million to California applicants.
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The Potomac Edison proposal is meant to help Maryland achieve climate goals and help public schools meet transportation needs.
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The $2.9 million grant will support a project, led by The Mobility House, that could be replicated in school districts across the state.
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One concern that is not being addressed is that we are putting all our efforts towards electricity, and having a singular power system could leave us with no backups or alternatives in the future.
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