In August 2020, GreenPower issued stock through Nasdaq; shares started at $8, rose to $34, and declined to $18 by April 2021. Delays in the company's growth were in part due to GreenPower's "refusal to carry out accepted crash tests on their large buses—a requirement for federal funds that transit agencies use to buy the vehicles." In addition, GreenPower's vehicles are manufactured in China, with minor modifications being made in the United States, meaning they were not compliant with President Biden's "Buy America" program. The federal government gives agencies funds towards electric bus purchases, but 75% of the vehicle's parts must be made in the United States to comply to Buy America.
