Atlis Motor Vehicles Challenges Biden-Harris Admin’s Blueprint to Decarbonize America’s Transportation Sector: More Support Needed for Those in Rural Communities
18 January 2023 - 12:40AM
Atlis Motor Vehicles (Nasdaq: AMV), a vertically integrated
electric vehicle technology ecosystem company, and the first
battery manufacturer to be fully owned and operated in the US,
today released the following statement after the Biden-Harris
administration issued the first-ever U.S. National Blueprint for
Transportation Decarbonization, developed by the US departments of
Energy, Transportation, Housing and Urban Development, and the
Environmental Protection Agency outlining plans to decarbonize
transportation nationwide.
Mark Hanchett, Atlis Motor Vehicles’ Founder and CEO, said:
“After reviewing the Blueprint, we believe investments in
alternative fuels and hydrogen should be minimized, and more focus
should be placed on proven technologies with tremendous growth
potential. Additional resources should be concentrated toward
funding companies in industries focused on the development of
cleaner heavy equipment, especially for those in rural communities
across America. The team at Atlis Motor Vehicles would be happy to
discuss such innovative recommendations with officials, as Atlis is
committed to increasing the nation’s energy security, improving
public health, and advancing the administration’s clean
transportation agenda.”
“The Government plays an important role in fostering
environments in which businesses may thrive and develop
cutting-edge solutions to push our nation forward in its quest to
decarbonize and become energy independent. Hopefully, this
blueprint will successfully drive attention and resources towards
the advancement of new technology, though I believe this effort
should be led from the private sector.”
About Atlis Motor Vehicles
Atlis Motor Vehicles (Nasdaq: AMV) is a startup EV ecosystem
technology company developing products that will power work and the
first battery manufacturer to be fully owned and operated in the
US. Building an electric vehicle technology platform for heavy and
light duty work trucks used in the agriculture, service, utility,
and construction industries, Atlis intends to meet the towing and
payload capabilities of legacy diesel-powered vehicles by
developing battery technology and a modular system architecture
capable of scaling to meet the specific needs of the all-electric
work vehicle. For more information, visit
www.atlismotorvehicles.com.
Forward Looking Statements
This communication includes "forward-looking statements" within
the meaning of the "safe harbor" provisions of the United States
Private Securities Litigation Reform Act of 1995. Forward-looking
statements may be identified by the use of words such as
"estimate," "plan," "project," "forecast," "intend," "will,"
"shall," "expect," "anticipate," "believe," "seek," "target,"
"continue," "could," "may," "might," "possible," "potential,"
"predict" or other similar expressions that predict or indicate
future events or trends or that are not statements of historical
matters. These forward-looking statements include, but are not
limited to, statements regarding financial and operating outlook,
amount of reservation interest and related potential sales, future
capital expenditures and other operating expenses, expectations and
timing related to product launches, production and delivery
volumes, the range and performance of the XP platform and XT truck,
estimates of the length of time its existing cash, cash equivalents
and investments will be sufficient to fund planned operations,
plans and expectations regarding its future capital raises and
funding strategy, the timing of deliveries, future manufacturing
capabilities and facilities, ability to mitigate supply chain and
logistics risks, ability to vertically integrate production
processes, future sales channels and strategies, future market
launches and international expansion, the potential success of our
go-to-market strategy and future vehicle programs, and the promise
of the electric vehicle battery technology. These statements are
based on various assumptions, whether or not identified in this
communication, and on the current expectations of management. These
forward-looking statements are not intended to serve as, and must
not be relied on by any investor as, a guarantee, an assurance, or
a definitive statement of fact or probability. Actual events and
circumstances are difficult or impossible to predict and may differ
from these forward-looking statements. Many actual events and
circumstances are beyond the control of Atlis and Atlis management.
These forward-looking statements are subject to a number of risks
and uncertainties, including all of the risk factors stated under
the heading “Risk Factors” in our Post-Qualification Amendment No.
11 on Form 1-A POS (“Form 1-A”) filed with the SEC on September 22,
2022, as well as other documents Atlis has filed or will file with
the Securities and Exchange Commission. If any of these risks
materialize or Atlis's assumptions prove incorrect, actual results
could differ materially from the results implied by these
forward-looking statements. There may be additional risks of which
Atlis does not currently know or that Atlis currently believes are
immaterial that could also cause actual results to differ from
those contained in the forward-looking statements. In addition,
forward-looking statements reflect Atlis's expectations, plans or
forecasts of future events and views as of the date of this
communication. Atlis anticipates that subsequent events and
developments will cause Atlis's assessments to change. However,
while Atlis may elect to update these forward-looking statements at
some point in the future, Atlis specifically disclaims any
obligation to do so. These forward-looking statements should not be
relied upon as representing Atlis's assessments as of any date
subsequent to the date of this communication. Accordingly, undue
reliance should not be placed upon the forward-looking
statements.
Contacts:
AMV Contact- Mary TroutAtlis Motor
Vehiclesinfo@atlismotorvehicles.com
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