Electric vehicle manufacturer GreenPower Motor Company announced it has reached an agreement with the New Mexico Economic Development Department (EDD) to establish manufacturing and operational facilities in Santa Teresa, New Mexico.
The new 135,000-square-foot facility will serve as GreenPower’s base for North American operations and its US corporate headquarters. The site will support engineering, manufacturing, and distribution of all-electric, purpose-built, zero-emission medium and heavy-duty vehicles, strengthening the company’s ability to serve commercial, transit, and public-sector markets across North America.
The project is expected to generate more than $200 million in economic impact for New Mexico over the next decade and create more than 340 jobs.
GreenPower will receive a $5 million Local Economic Development Act (LEDA) award from the state, along with $4.6 million in Job Training Incentive Program (JTIP) funds. The company also qualified for $1.36 million through the Rural Jobs Tax Credit (RJTC) program and $3.65 million through New Mexico’s High-Wage Jobs Tax Credit.
Santa Teresa’s Foreign Trade Zone designation was a key factor in site selection, providing trade efficiencies that support vehicle manufacturing and distribution across North America. The designation also enables access to the North American Development Bank, underscoring the project’s cross-border economic and environmental significance.
In 2025, GreenPower partnered with the New Mexico Economic Development Department to launch the state’s first all-electric, zero-emission school bus pilot program. The two-year program supports New Mexico’s Energy Transition Act and is expected to inform future electric school bus specifications and fleet deployment statewide.
In support of state sustainability objectives, GreenPower will offer dealer-level pricing to New Mexico for a range of Class 4 all-electric, purpose-built commercial vehicles, including box trucks, refrigerated trucks, passenger vans, buses, utility vehicles, and stakebed trucks.
GreenPower designs and manufactures all-electric, purpose-built vehicles for cargo and delivery, shuttle and transit, and school bus applications. The company is headquartered in Vancouver, Canada, with operational facilities in southern California and West Virginia.
A public press conference showcasing GreenPower’s all-electric Class 4 commercial vehicles and school buses is scheduled to take place in Santa Fe during the upcoming legislative session.
Filed Under: Technology News