Frank Jones's questions to Envirotech Vehicles (EVTV) leadership • Q1 2022
Question
Frank Jones from Barlow Capital inquired about the end-customer profile for vehicles sold in Q1 and the impact of high fuel prices on vehicle demand and the sales pipeline.
Answer
Executive VP Susan M. Emry detailed that Q1 vehicle sales went to diverse customers, including a municipal airport authority, an upholstery company, a national solar firm, and a public library. Chairman and CEO Phillip Oldridge confirmed that high fuel prices are boosting customer interest, noting that the fuel savings for a comparable diesel vehicle can offset the initial price difference. He also highlighted an anticipated vehicle price reduction of over $10,000 by the end of the year.