Solectrac, a subsidiary of Ideanomics (NASDAQ: IDEX), a global company with the mission to accelerate the adoption of electric vehicles, today announced the eligibility of its narrow zero-emission vineyard and orchard tractor, the eUT+, for the California CORE Voucher Program. The program, which is tailored to small business and government entities, aims to accelerate the adoption of zero-emission off-road equipment, paying up to 50% of eligible initial purchases. “We appreciate the dedication of the state of California to incentivize zero-emission off-road machinery through its CORE program and encourage small business owners and government entities to take advantage of this opportunity to electrify their machinery at a significantly reduced cost,” said Mani Iyer, CEO of Solectrac. “This is the kind of government action that will help companies like Solectrac, who are committed to providing alternatives to fossil fueled machinery, to grow our customer base and our product offerings.”

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About Ideanomics Inc.

Ideanomics is a global group with a simple mission: accelerating the commercial adoption of electric vehicles. By bringing together vehicles, charging and financing solutions under one roof, Ideanomics is the one-stop partner needed to simplify the transition to and operation of any EV fleet. For more information about the company, visit www.Ideanomics.com.

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