REE Automotive Ltd. announced it has received two certifications from California Air Resources Board on the Class 4 P7-C chassis cab. The two certifications include (1) Phase 2 Greenhouse Gas ("GHG") covering the complete vehicle and (2) the new Zero Emission Powertrain ("ZEP") certification. In addition to California, several other states are expected to adopt the Phase 2 GHG and ZEP requirements in the coming years.

CARB certification is a requirement for eligibility for several state incentives, which combined with federal can total over $100,000 per vehicle depending on customer location. California and several other states have indicated plans to adopt the Advanced Clean Truck Regulation, a manufacturers sales requirement to sell growing rates of electric trucks, and requires ZEP certification. REE's P7-C has already achieved FMVSS and EPA certification, making it the first U.S. FMVSS certified fully by-wire vehicle.