evTS’ David Solomont Discusses Company Outlook for 2021

ev Transportation Services Inc. CEO Discusses Outlook for 2021 and Developments to Watch in the Electric Vehicle Space


NEW YORK, Jan. 21, 2021 (GLOBE NEWSWIRE) — via NetworkNewsAudio — ev Transportation Services Inc. (“evTS”) today announces that the company’s founder and chief executive officer, David Solomont, has been featured in an exclusive audio interview with NetworkNewsWire (“NNW”), a financial news and content distribution company and one of 50+ brands in the InvestorBrandNetwork (“IBN”). During the interview, Solomont gave an overview of evTS, the company’s outlook for the coming 12 months and his view on the future of the electric vehicle space.

The broadcast can be heard at The NetworkNewsAudio Interviews Podcast

Solomont began with background on the company, a maker of electric utility vehicles, and described the target market for the company’s lead product, the FireFly ESV.

“We’re a specialty vehicle manufacturer. We produce purpose-built, all-electric lightweight commercial utility vehicles and provide fleet management solutions. The first and primary market for our vehicle is what we call essential services. These are applications you don’t usually think about, like security patrol, parking enforcement, parks and recreation, airports and seaports, universities, corporate campuses, warehouse fulfillment and military bases.”

Solomont noted that evTS was able to continue moving forward during 2020 despite the business challenges of the past year. He expects 2021 to be a profitable year for the company, which is already delivering demo vehicles to its dealers.

“Dealers are incredibly important, because they’re the ones who have the tightest relationships with customers and prospects. By the end of the first quarter, we want to expand our dealer network from four dealers to eight, all carefully chosen,” he said. “We also plan to launch our ev TaaS program – ev Transportation as a Service – to the on-demand, last-mile urban delivery market. And we expect to begin assembly and distribution in our first overseas market, most likely the UK.”

Solomont closed with his outlook for the future of the electric vehicle sector, which he described as still at the inception stage. He forecast that a tipping point in terms of consumer acceptance is on the horizon, but probably is still a few years away.

“The area to watch is really battery technology,” he said. “We won’t really hit the tipping point for EV sales until battery technology can enable electric vehicles to achieve 500 miles between charges and the price of an electric vehicle, which is driven substantially by battery costs, is equal to or less than the price of an internal-combustion-engine-powered vehicle. I think the key to battery technology is solid state batteries. This is something we’re going to see in the next two to three years.”

Listen to the full interview with evTS founder and CEO David Solomont at https://nnw.fm/awdH9 .

About evTS

ev Transportation Services Inc. (“evTS”) is a specialty vehicle manufacturer that produces purpose-built, all-electric, lightweight commercial utility vehicles and provides fleet management solutions. The Boston-based company is currently focused on the essential services transportation and urban mobility markets, which represent an annual domestic replacement market of approximately 100,000 vehicles, or roughly $2.5 billion annually. End user applications for the company’s vehicles include parking management, security and perimeter patrol, parks and sidewalk maintenance, utility meter reading, property and building management, airports, seaports, sanitation, university and corporate campuses, and last mile, on-demand urban delivery.

For more information, visit the company’s website at www.evts.com .

About NetworkNewsAudio (NNA)

NetworkNewsAudio (“NNA”) allows you to sit back and listen to market updates, CEO interviews and a company AudioPressRelease (“APR”). These audio clips provide snapshots of position, opportunity and momentum. NNA can assist your company by cutting through the overload of information in today’s market. NNA brings its Client Partners unparalleled visibility, recognition and brand awareness. NNA is just one site within our sizable family of 50+ brands within the InvestorBrandNetwork (“IBN”). IBN is a comprehensive provider of news and original articles; we aggregate and syndicate this content for much bigger impact. IBN also adds Press Release Enhancement and a full array of social media communication solutions and has amassed a collective audience that includes millions of social media followers. As a multifaceted financial news and distribution company with an extensive team of journalists and writers, IBN has the unparalleled ability to reach a wide audience comprising investors, consumers, journalists and the general public with an ever-growing distribution network of 5,000+ key syndication outlets across the nation.

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Forward-Looking Statements

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company’s SEC filings. These risks and uncertainties could cause the company’s actual results to differ materially from those indicated in the forward-looking statements.

Corporate Communications

InvestorBrandNetwork (IBN)
Los Angeles, California
310.299.1717 Office

ev Transportation Services, Inc. (evTS)
Boston, Massachusetts
202.347.3359 Office

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