With the assistance of California CORE, Monarch continues to provide farmers the ability to drive farm profitability, optimization and planet sustainability
LIVERMORE, Calif. – June 29, 2023 – Monarch Tractor, maker of the MK-V, the fully electric, driver-optional, connected tractor, announces the availability of the MK-V within the CORE 2023 Clean Off-Road Voucher Incentive Project. The CORE Project helps farmers with financial aid as they transition to clean, efficient and economically sustainable solutions such as the MK-V, and elevating their sustainable farming practices by reducing CO2 emissions.
The Project is the most cost-effective emissions reduction incentive in California, saving farmers up to 50-65% of the overall cost of the MK-V. To date, Monarch has seen success with farmers implementing their MK-V tractors into their daily operations, in some cases reducing over 60% of the farm’s expense on fuel and service and helping to enable meaningful GHG reductions on the farm.
Set to go live on Tuesday, July 18, 2023, the CORE Project will also extend its financial support to small businesses and historically overlooked communities across rural California that have yet to benefit from electrification. With EV tractors like the Monarch MK-V, farms now have a reason to invest in solar and clean energy. A fleet of electric tractors enables faster payback for renewables, opens up energy storage opportunities, and promotes energy independence for farmers.
“Monarch Tractor is a mission-driven company committed to increasing farmer profitability and planet sustainability,” said Monarch CEO and co-founder, Praveen Penmetsa. “The significant contributions from programs like CORE, which help offset the costs associated with adopting fully electric agricultural equipment, signals major growth and appetite for a transition to zero-emissions farm equipment – an imperative step for a greener and more sustainable future.”
In addition to CORE, other programs such as the Carl Moyer Memorial Air Quality Standards Attainment Program, provide rebates to farmers and public agencies to replace diesel powered tractors with zero emission tractors like the MK-V. Monarch works closely with farmers to participate in this program to support farmers transition to zero emission vehicles.
For more information, please visit californiacore.org/how-to-
About Monarch Tractor
Founded in 2018, Monarch Tractor’s MK-V is the world’s first fully electric, driver-optional, connected tractor set to enhance farmers’ existing operations, alleviate labor shortages, and maximize yields. Monarch Tractor is committed to elevating farming practices to enable clean, efficient, and economically viable solutions for today’s farmers and the generations of farmers to come. With cutting-edge technology, global reach, and an experienced team, Monarch is delivering meaningful change for the future of farming. For more information, visit www.monarchtractor.com.
