Mullen Automotive Inc. (NASDAQ: MULN), through its subsidiary Bollinger Motors, has identified August as a pivotal month for commercial electric vehicle (EV) purchases. This announcement comes as New York's Truck Voucher Incentive Program (NYTVIP) is expected to be replenished, 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, is highlighted as a prime candidate for these incentives. Designed for performance, safety, and urban fleet versatility, the B4 represents a significant opportunity for fleet operators to transition to electric vehicles with financial support. This development is particularly relevant for businesses looking to reduce operational costs and environmental impact, aligning with broader trends towards sustainability in the transportation sector.
Mullen Automotive's announcement is timely, as the commercial EV market continues to expand. The company's strategic positioning, with two U.S.-based vehicle plants and a growing commercial dealer network, enhances its ability to meet the demand for electric fleet vehicles. The inclusion of the Bollinger B4 in incentive programs like NYTVIP and the federal tax credit scheme not only benefits potential buyers but also signals the growing viability of commercial EVs in the market.
For more information on the Bollinger B4 and the available incentives, visit https://ibn.fm/w74eC.
