EV manufacturer GreenPower Motor has reached an agreement with the New Mexico Economic Development Department (EDD) to establish operations in Santa Teresa.
The new 135,000-square-foot facility in Santa Teresa will become the company’s base for North American operations and US corporate headquarters. GreenPower anticipates setting up operations at the facility in Q1 of 2026, and plans to take possession of the manufacturing plant in June.
The Santa Teresa Borderplex is a special economic zone centered around a key US-Mexico trade hub with major rail links connecting to ports including Long Beach and Houston.
“Santa Teresa’s designation as a foreign-trade zone offers substantial benefits for GreenPower,” said Fraser Atkinson, CEO of GreenPower. “The FTZ allows us to streamline customs procedures and allows the company to take financial advantage of the designation related to inventory, parts and distribution. The ability to make capital decisions without fear of tariff uncertainties is a game-changer in the current environment.”
GreenPower has its headquarters in Vancouver, Canada, and also has facilities in southern California and West Virginia. It builds medium- and heavy-duty EVs serving the cargo and delivery, shuttle and transit, and school bus markets.
In 2025, GreenPower worked with EDD to launch the state’s first electric school bus pilot project at two Las Vegas public schools and a Santa Fe charter school.
The state has committed $14.6 million in financial incentives for the new manufacturing facility. Of the total, $5 million will be provided through the New Mexico Local Economic Development Act (LEDA) program, which helps local governments support businesses locating in the state. GreenPower will receive $4.6 million in job training incentive funds, $1.36 million through the Rural Jobs Tax Credit, and $3.65 million as part of New Mexico’s High-Wage Jobs Tax Credit program.
GreenPower will offer dealer-level pricing to the state for a lineup of Class 4 commercial EVs, including box trucks, refrigerated trucks, passenger vans, buses, utility trucks and stake-bed trucks for public agencies and commercial operators.
Source: GreenPower
