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, thanks to the replenishment of New York's Truck Voucher Incentive Program (NYTVIP). This program provides up to $144,000 in point-of-sale vouchers, which, alongside the federal 45W tax credit offering up to $40,000 for Class 4 vehicles, presents a significant upfront cost reduction for fleet operators. The urgency to act is underscored by the impending expiration of federal credits after September 30, 2025.

The Bollinger B4, an all-electric Class 4 chassis cab, is highlighted as a prime candidate for these incentives. Designed with performance, safety, and urban fleet versatility in mind, the B4 represents a forward-thinking choice for businesses looking to transition to electric fleets. This announcement comes at a time when the push for sustainable transportation solutions is stronger than ever, making the financial incentives and the technological advancements of vehicles like the B4 particularly relevant.

Mullen Automotive's commitment to the commercial EV market is further evidenced by its recent achievements, including the commencement of commercial vehicle production in Tunica, Mississippi, and the receipt of IRS approval for federal EV tax credits. These developments, coupled with the expansion of its commercial dealer network, position Mullen Automotive as a key player in the transition to electric commercial vehicles. The company's efforts to secure Foreign Trade Zone status for its Mississippi manufacturing center also highlight its strategic approach to reducing costs and enhancing competitiveness in the EV market.

For fleet operators and businesses considering the shift to electric vehicles, the combination of state and federal incentives available through August presents a rare opportunity to significantly lower the barrier to entry. With the environmental and economic benefits of EVs becoming increasingly clear, initiatives like the NYTVIP and federal tax credits are critical tools in accelerating the adoption of sustainable transportation solutions.