Mullen Automotive Inc. Highlights August as Key Month for Commercial EV Incentives Through Bollinger Motors

Mullen Automotive Inc. (NASDAQ: MULN), via its subsidiary Bollinger Motors, has identified August as a pivotal month for commercial electric vehicle (EV) purchases. This timing aligns with the replenishment of New York’s Truck Voucher Incentive Program (NYTVIP), offering up to $144,000 in point-of-sale vouchers. When combined with the federal 45W tax credit, which provides up to $40,000 for Class 4 vehicles, fleet operators can achieve substantial upfront savings. The urgency to act is underscored by the expiration of federal credits after September 30, 2025.

The Bollinger B4, an all-electric Class 4 chassis cab, stands out as a prime candidate for these incentives. Designed with performance, safety, and urban fleet versatility in mind, the B4 exemplifies the advancements in commercial EV technology. Mullen Automotive’s announcement not only highlights the financial benefits available to fleet operators but also emphasizes the broader implications for the adoption of sustainable transportation solutions. The initiative represents a significant step forward in reducing the carbon footprint of commercial fleets, aligning with global efforts to combat climate change.

Further enhancing the appeal of Mullen’s offerings, the company has secured IRS approval for federal EV tax credits on its commercial vehicles, with a Qualified Manufacturer designation that can offer eligible customers up to $7,500 per vehicle. Additionally, the Mullen THREE, a Class 3 EV cab chassis truck, has received CARB and EPA certification, making it available for sale across the U.S. The CARB-issued HVIP approval for the Mullen THREE provides up to a $45,000 cash voucher at the time of purchase, further incentivizing the shift towards electric commercial vehicles.

This development is not just a win for Mullen Automotive and Bollinger Motors but also for the environment and the economy. By making commercial EVs more accessible and affordable, the initiative supports the transition to greener transportation options, reducing reliance on fossil fuels and lowering emissions. The announcement serves as a call to action for fleet operators to take advantage of these incentives before they expire, marking a critical moment in the push towards sustainable commercial transportation.

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