Xos Hub mobile charging unit approved for California CORE Voucher Incentive Project.

Xos, Inc. has announced that its mobile charging unit, the Xos Hub, has been approved for California's Clean Off-Road Equipment (CORE) Voucher Incentive Project, making it eligible for a $110,000 incentive. This brings the cost of the Xos Hub down to under $100,000, less than half the cost of equivalent systems. The Xos Hub features 282 kWh of onboard energy storage and four integrated DC fast chargers, making it a powerful, flexible, and transportable charging solution for fleets transitioning to electric vehicles.

Xos Inc. (NASDAQ: XOS) has announced a significant milestone in its mobile charging technology, with the approval of its Xos Hub™ for California's Clean Off-Road Equipment (CORE) Voucher Incentive Project. This approval comes with a $110,000 incentive, reducing the cost of the Xos Hub to under $100,000, a substantial decrease from the typical $200,000 price tag of comparable DC fast charging systems [1].

The Xos Hub features 282 kWh of onboard energy storage and four integrated DC fast chargers, providing a portable and flexible charging solution. This makes it an attractive option for fleets transitioning to electric vehicles (EVs), particularly those operating in off-highway environments such as seaports, airports, construction zones, and logistics facilities.

Major companies including Caltrans, Duke Energy, and Xcel Energy are already utilizing the Xos Hub, validating its effectiveness and market demand. The CORE program, administered by the California Air Resources Board (CARB), provides point-of-sale discounts to encourage the adoption of zero-emission off-road technologies. This further enhances the value proposition for California-based operations, as the program requires no vehicle scrappage and offers additional funding for deployments in disadvantaged communities and for small business purchasers [1].

The CORE program's structure, along with the reduced cost of the Xos Hub, positions Xos to capture significant market share in the growing mobile charging segment. This segment bridges the gap between electric vehicle adoption and charging infrastructure readiness, making it easier for fleets to transition to EVs with fewer operational disruptions [1].

References:
[1] https://www.stocktitan.net/news/XOS/xos-breaks-the-100k-barrier-for-high-powered-mobile-charging-with-6f9c7vf8v6x3.html