Mullen Automotive (NASDAQ: MULN) has achieved a notable milestone in the electric vehicle (EV) market with its subsidiary, Bollinger Motors, delivering three Bollinger B4 electric trucks to TEC Equipment locations in Washington and California. This delivery underscores Mullen's growing influence in the commercial EV sector and its strategic efforts to expand its market reach. The Bollinger B4, an all-electric Class 4 chassis cab truck designed for commercial use, stands out for its eligibility for up to $100,000 in federal and state tax incentives, enhancing its appeal to commercial customers.
The partnership with TEC Equipment as a new dealer is a strategic move that strengthens Mullen's distribution network. This development is part of Mullen's broader strategy to capitalize on the increasing demand for electric commercial vehicles, supported by significant tax incentives and environmental benefits. The company's recent achievements, including IRS approval for federal EV tax credits and CARB and EPA certifications for its vehicles, further solidify its position in the market.
Mullen's manufacturing capabilities, highlighted by its facilities in Tunica, Mississippi, and Mishawaka, Indiana, play a crucial role in its ability to meet the growing demand for EVs. The Foreign Trade Zone (FTZ) status approval for its Tunica facility is another strategic advantage, offering benefits that could enhance Mullen's competitiveness in international markets. With a growing commercial dealer network and a focus on innovation and regulatory compliance, Mullen Automotive is positioning itself as a key player in the transition to electric commercial vehicles.
