REE’s P7-C software-defined Class 4 electric vehicles are now available for purchase in all 50 states through a 4-year contract awarded to National Auto Fleet Group
Sourcewell is a government agency dedicated to streamlining the procurement process by fulfilling the bidding requirements on behalf of their members
REE is ready to take orders immediately from this new customer base
TEL AVIV, Israel, July 30, 2024 (GLOBE NEWSWIRE) — REE Automotive Ltd. (NASDAQ:REE), an automotive technology company and provider of full by-wire electric trucks and platforms, today announced that its REE’s P7-C software-defined Class 4 electric vehicles (EVs) will be available to government and education entities in all 50 states of the U.S. looking to add electric options to their fleets through a 4-year contract awarded to National Auto Fleet Group (NAFG) by Sourcewell.
“NAFG has been an approved Sourcewell vendor since 2011 and has revolutionized government vehicle purchasing by linking its nationwide network of manufacturers, like REE, and upfitters to meet the needs of Sourcewell’s clients around the country,” said Daniel Barel, CEO and Co-Founder of REE Automotive. “By adding REE’s P7-C to its contract with Sourcewell, NAFG is offering the world’s first fully software-defined vehicle to hundreds of institutions around the U.S., giving them the opportunity to bring state-of-the-art technology to their fleets.”
“For REE, this offering through Sourcewell allows us to tap into a new customer base,” said Tali Miller, Chief Business Officer of REE Automotive. “Sourcewell serves government and educational institutions around the U.S. and since Sourcewell takes care of the bidding process, their customers know that REE is a well-vetted option for their Class 4 fleet needs. We are ready to start taking orders immediately.”
Depending on the customer’s location, REE’s P7-C vehicles are now eligible for a U.S. federal tax credit of up to $40,000 per vehicle and are expected to be eligible for over $100,000 of incentives per vehicle with additional state incentives. Sourcewell’s member companies will have the opportunity to place orders for the fully-certified, software-defined, electric vehicle powered by REEcorner® full by-wire technology and experience the intended benefits including:
Superior maneuverability and all-wheel drive functionality
Enhanced safety with fail operational design via redundancies in hardware and software
Driver-centric cabin with excellent ergonomics and low chassis height
REEcorners designed for serviceability at low total cost of ownership (TCO)
Strong residual values
Future-proofed, autonomous-ready and over-the-air (OTA) upgrade capable
Modular design and quick time to market
Optimal energy efficiency
To learn more about REE’s patented technology and unique value proposition that aims to position the company to break new ground in e-mobility, visit www.ree.auto.
About National Auto Fleet Group
National Auto Fleet Group (NAFG) is a minority family-owned, all-in-one vehicle vendor that caters to government …