FAQ: Mullen Automotive Inc. and Bollinger Motors' Commercial EV Incentives

What is the significance of August for commercial EV purchases through Bollinger Motors?

August is significant because New York’s Truck Voucher Incentive Program (NYTVIP) is set to be replenished, offering up to $144,000 in point-of-sale vouchers, combined with federal tax credits, for substantial savings on commercial EVs like the Bollinger B4.

How much can fleet operators save with the NYTVIP and federal tax credits?

Fleet operators can save up to $144,000 through NYTVIP vouchers and an additional $40,000 with the federal 45W tax credit for Class 4 vehicles, totaling significant upfront savings.

What is the Bollinger B4?

The Bollinger B4 is an all-electric Class 4 chassis cab engineered for performance, safety, and urban fleet versatility, qualifying for both NYTVIP and federal tax credit programs.

When do the federal tax credits expire?

The federal tax credits are set to expire after September 30, 2025, urging fleet operators to act swiftly to take advantage of these savings.

Where is Mullen Automotive Inc. based and what are its key facilities?

Mullen Automotive is based in Southern California with vehicle plants in Tunica, Mississippi, and Mishawaka, Indiana, focusing on the next generation of commercial EVs.

What are the benefits of Mullen Automotive’s Foreign Trade Zone (FTZ) status?

FTZ status for Mullen’s Tunica plant offers benefits like deferment of duties owed and elimination of duties on exported vehicles, enhancing operational efficiency.

How can I learn more about Mullen Automotive Inc. and its offerings?

For more information, visit www.MullenUSA.com or check the latest updates at https://ibn.fm/MULN.

What commercial EV models does Mullen Automotive currently offer?

As of January 2024, Mullen offers the Mullen ONE, a Class 1 EV cargo van, and Mullen THREE, a Class 3 EV cab chassis truck, both CARB and EPA certified for sale in the U.S.

What is the HVIP approval and how does it benefit Mullen THREE buyers?

The CARB-issued HVIP approval for the Mullen THREE provides up to a $45,000 cash voucher at the time of purchase, significantly reducing the cost for buyers.