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Elektros Announces Charging Station Strategy for Rural and Underserved Areas

Wednesday, August 10, 2022 10:15 AM
Elektros, Inc.
https://elek.world/

SUNNY ISLES BEACH, FL / ACCESSWIRE / August 10, 2022 / Elektros (OTC PINK:ELEK), an emerging leader in providing Electric Mobility solutions, announced that Ludlow Research has issued a research opinion on the company based on recent passage of Climate Bill and tax incentives for electric vehicles (EV).

As part of Elektros Charging strategy, the company will focus initial deployment of its charging stations locally in South Florida, with a longer-term focus on rural and underserved areas as well.

The rapid growth in electric vehicles (EVs) is part of a fundamental shift in transportation, a change that promises substantial benefits to individuals, businesses, communities, and the entire Nation. All Americans, regardless of where they live, should have the opportunity to benefit from the lower operating costs, reduced maintenance needs, and improved performance that EVs provide.

In rural parts of the country account for 20% of Americans and almost 70% of America's road miles where EVs can be an especially attractive alternative to conventional vehicles. Rural residents drive more than their urban counterparts, spend more on vehicle fuel and maintenance, and often have fewer alternatives to driving to meet their transportation needs.

The U.S. Government has set a goal to make half of all new vehicles sold in the U.S. in 2030 zero-emissions vehicles, and a network of 500,000 chargers to help make EVs accessible to all Americans for both local and long-distance trips.

Under this strategy, Elektros may qualify for potential federal funding under the Infrastructure Bill, which includes $5 billion to build out a national network of charging stations in rural and underserved areas throughout the U.S.

The company will work on reaching out to local and state agencies, as well as chambers of commerce, to facilitate new strategic relationships for potential grant funding.

Elektros is devoted to building products for the betterment of mankind, and our climate.

About Elektros, Inc.

Elektros (OTC:ELEK) is an American electric transportation company that innovates mobility solutions for consumers and businesses. The automotive landscape faces existential disruption over the next decade to reach carbon neutrality. Elektros addresses this paradigm shift with mobility technologies that support sustainability for a transformative user experience. Elektros aims to present a compelling and completely new electric vehicle experience known as Elektros Sonic to consumers beginning as early as 2023. https://elek.world/

Twitter: https://twitter.com/elektrosenergy
Facebook: https://www.facebook.com/Elektrosmotors
LinkedIn: https://www.linkedin.com/company/elektros-inc/

Cautionary Language Concerning Forward-Looking Statements

This release contains "forward-looking statements" that include information relating to future events and future financial and operating performance. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential," and similar expressions and variations thereof are intended to identify forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which that performance or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or management's good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Important factors that could cause these differences include, but are not limited to: fluctuations in demand for Elektros, Inc.'s products, the introduction of new products, the Company's ability to maintain customer and strategic business relationships, the impact of competitive products and pricing, growth in targeted markets, the adequacy of the Company's liquidity and financial strength to support its growth, and other information that may be detailed from time to time in Elektros Inc.'s filings with the United States Securities and Exchange Commission. Examples of such forward-looking statements in this release include statements regarding future sales, costs, and market acceptance of products as well as regulatory actions at the State or Federal level. For a more detailed description of the risk factors and uncertainties affecting Elektros Inc., please refer to the Company's Securities and Exchange Commission filings, which are available at www.sec.gov. Elektros, Inc. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

CONTACT:

Elektros, Inc.
IR and Media Inquiries
Email: [email protected]

SOURCE: Elektros, Inc.

Topic:
Company Update
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