The announcement by Mullen Automotive (NASDAQ: MULN) that its subsidiary, Bollinger Motors, will start production of the Bollinger B4 Chassis Cab on September 16, 2024, is a significant development for the electric vehicle (EV) industry. This all-new Class 4 commercial EV truck represents a major advancement in the electrification of commercial fleets across the United States, with production taking place in partnership with Roush Industries at their facility in Livonia, Michigan.
Jim Connelly, Chief Revenue Officer of Bollinger Motors, highlighted the strong market response to the B4, indicating a growing demand for electric commercial vehicles, especially in the Class 4 segment. This demand is driven by businesses and organizations aiming to reduce their carbon footprint and adhere to stricter emissions regulations, making electric trucks like the B4 essential for sustainable transportation solutions.
Mullen Automotive's strategic positioning, with two U.S.-based vehicle plants and a combined manufacturing space of 770,000 square feet, underscores its capability to meet the increasing demand for electric commercial vehicles. Furthermore, the IRS's approval for federal EV tax credits on Mullen's commercial vehicles, offering up to $7,500 per vehicle, enhances the financial appeal of adopting electric commercial vehicles for businesses.
The Bollinger B4 Chassis Cab's launch is not just a milestone for Mullen and Bollinger but also for the commercial EV sector at large. As the September 2024 production date nears, the industry watches closely to assess the B4's market performance and its potential to accelerate the adoption of EVs in commercial fleets, contributing to a more sustainable transportation future.
