The recent certification of Bollinger Motors' B4 all-electric, Class 4 low forward chassis truck by the California Air Resources Board (CARB) is a pivotal development for the electric vehicle (EV) industry. This certification not only allows Bollinger Motors to sell its innovative EV in California but also in 14 other states, significantly expanding its market reach. The states include Colorado, Connecticut, Delaware, Maine, Maryland, Massachusetts, New Jersey, New Mexico, New York, Oregon, Pennsylvania, Rhode Island, Vermont, and the District of Columbia, regions known for their EV-friendly policies.
One of the most impactful aspects of this certification is the financial incentives it makes available to potential buyers. With federal and state incentives potentially reaching up to $100,000, the B4 EV truck becomes an attractive option for commercial fleet operators aiming to transition to sustainable transportation solutions. This could greatly accelerate the adoption of electric trucks in commercial fleets across the United States.
Bryan Chambers, President and Chief Operating Officer of Bollinger Motors, highlighted the significance of this achievement, stating it as a crucial milestone in their mission to introduce a world-class electric vehicle to the market. The certification underscores the company's commitment to meeting environmental standards and customer expectations, ensuring their vehicles are ready for sale.
Production of the B4 is set to begin on September 16, 2024, with customer deliveries starting in October. This timeline provides a clear expectation for the market entry of Bollinger's electric truck, offering a glimpse into the future of commercial transportation.
This development is not just a win for Bollinger Motors but also for its parent company, Mullen Automotive, which is making significant strides in the commercial EV sector. With two U.S.-based vehicle plants and recent achievements such as the IRS approval for federal EV tax credits, Mullen is positioning itself as a key player in the EV manufacturing space. The CARB and EPA certifications for Mullen's product lineup, including the Mullen ONE and Mullen THREE, further demonstrate the company's dedication to environmental standards and market readiness.
The CARB certification for the B4 truck is a clear indicator of the growing momentum in the commercial EV sector. As businesses and municipalities increasingly seek sustainable and cost-effective transportation solutions, certified and incentive-eligible electric trucks like the B4 are set to play a vital role in this transition. For investors and industry watchers, this marks another step forward in Mullen Automotive's strategy to capture a significant share of the electric commercial vehicle market.
