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InvestorNewsBreaks – Ideanomics Inc. (NASDAQ: IDEX) Subsidiary’s Electric Tractors Qualify for California CORE Voucher Program

Ideanomics (NASDAQ: IDEX), a global company with the mission to accelerate the adoption of electric vehicles, and its subsidiary, Solectrac, North America’s first company to commercialize electric tractors through direct and dealer sales, has announced that the e25G and e25H electric tractors are eligible for California’s CORE Voucher Program. The program, which pays up to 50% of the initial purchase of eligible equipment, is designed to increase the purchase of zero-emission, off-road equipment by small business and government entities. According to the announcement, Solectrac tractors qualify for the program and are ideal for use on hobby farms, golf courses, sports fields, equestrian centers, educational institutions and municipalities. Solectrac electric tractors deliver as much power as diesel tractors — without the noise and pollution. In addition, they can be charged from renewable energy sources, such as wind and solar. Both tractor models have front loader, backhoe attachment, cab and tire options. The company has created a national USA certified dealership network and offers a rental program; the current dealer network is comprised of 40 dealers with 86 locations across the country. “Thanks to the state of California, the CORE program is helping get more electric tractors into the hands of customers and allowing Solectrac to grow our product offerings,” said Solectrac CEO Mani Iyer in the press release. “We encourage small business owners and government entities to take advantage of this opportunity to switch their polluting equipment to our zero-emission electric tractors. Electrifying off-road machinery will help customers realize the benefits of zero-emission operations, including less pollution, quieter operation and lower total cost of ownership compared to diesel-powered tractors.”

To view the full press release, visit

About Ideanomics Inc.

Ideanomics is a global group with a simple mission: to accelerate 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, please visit

NOTE TO INVESTORS: The latest news and updates relating to IDEX are available in the company’s newsroom at

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