Mullen Subsidiary, Bollinger Motors, Announces Its Approval by New York State for up to $100,000 Cash Voucher Incentive NYTVIP Program on the All-Electric B4 Truck
Mullen Automotive announces that its subsidiary, Bollinger Motors, has been approved for the New York Truck Voucher Incentive Program (NYTVIP), offering up to $100,000 cash voucher incentive for its all-electric B4 Truck. This adds to existing Northeast state incentives from Massachusetts ($30,000), New Jersey ($90,000), and Pennsylvania ($20,000). Combined with the federal IRA tax credit of $40,000, customers can receive between $70,000 and $140,000 in total incentives.
The 2025 Bollinger B4 Chassis Cab, featuring a 158-kilowatt-hour battery pack, has secured multiple vehicle sales agreements and expanded its dealer network. Recent achievements include FMVSS compliance, EPA certification, and CARB certification.
Mullen Automotive annuncia che la sua sussidiaria, Bollinger Motors, è stata approvata per il Programma di Incentivi per i Camion di New York (NYTVIP), che offre fino a $100,000 in incentivi in forma di voucher per il suo camion completamente elettrico B4. Questo si aggiunge agli incentivi esistenti negli stati del Nord Est, con il Massachusetts ($30,000), il New Jersey ($90,000) e la Pennsylvania ($20,000). Combinati con il credito d'imposta federale IRA di $40,000, i clienti possono ricevere tra $70,000 e $140,000 in incentivi totali.
Il Bollinger B4 Chassis Cab del 2025, dotato di un pacco batteria da 158 chilowattora, ha siglato diversi accordi di vendita per veicoli e ampliato la propria rete di concessionari. Tra i recenti traguardi ci sono la conformità agli FMVSS, la certificazione EPA e la certificazione CARB.
Mullen Automotive anuncia que su filial, Bollinger Motors, ha sido aprobada para el Programa de Incentivos para Camiones de Nueva York (NYTVIP), que ofrece hasta $100,000 en incentivos en forma de voucher para su camión totalmente eléctrico B4. Esto se suma a los incentivos existentes en los estados del Noreste, con Massachusetts ($30,000), Nueva Jersey ($90,000) y Pennsylvania ($20,000). Combinado con el crédito fiscal federal IRA de $40,000, los clientes pueden recibir entre $70,000 y $140,000 en incentivos totales.
La Bollinger B4 Chassis Cab de 2025, que cuenta con un paquete de baterías de 158 kilovatios-hora, ha asegurado múltiples acuerdos de venta de vehículos y ha ampliado su red de concesionarios. Los logros recientes incluyen la conformidad con FMVSS, la certificación de la EPA y la certificación de CARB.
멀렌 오토모티브는 자회사 볼린저 모터스가 뉴욕 트럭 바우처 인센티브 프로그램(NYTVIP)에 승인되었으며, 이를 통해 완전 전기 B4 트럭에 대해 최대 $100,000의 현금 바우처 인센티브를 제공한다고 발표했습니다. 이는 매사추세츠( $30,000), 뉴저지( $90,000), 펜실베니아( $20,000) 의 기존 북동부 주 인센티브에 추가되는 것입니다. 연방 IRA 세금 공제 $40,000과 결합하면 고객은 총 $70,000에서 $140,000 사이의 인센티브를 받을 수 있습니다.
158킬로와트시 배터리 팩을 장착한 2025 볼린저 B4 섀시 캡은 여러 차량 판매 계약을 확보하고 대리점 네트워크를 확장했습니다. 최근 성취한 것에는 FMVSS 준수, EPA 인증 및 CARB 인증이 포함됩니다.
Mullen Automotive annonce que sa filiale, Bollinger Motors, a été approuvée pour le Programme d'Incitation aux Camions de New York (NYTVIP), offrant jusqu'à 100 000 $ en incitatifs sous forme de bons pour son camion entièrement électrique B4. Cela s'ajoute aux incitations existantes des États du Northeastern, notamment le Massachusetts (30 000 $), le New Jersey (90 000 $) et la Pennsylvanie (20 000 $). Combiné avec le crédit d'impôt fédéral IRA de 40 000 $, les clients peuvent recevoir entre 70 000 $ et 140 000 $ d'incitations totales.
Le Bollinger B4 Châssis Cab de 2025, doté d'un pack de batteries de 158 kilowattheures, a sécurisé plusieurs contrats de vente de véhicules et a élargi son réseau de concessionnaires. Les réalisations récentes incluent la conformité FMVSS, la certification EPA et la certification CARB.
Mullen Automotive gibt bekannt, dass ihre Tochtergesellschaft, Bollinger Motors, für das New Yorker Truck Voucher Incentive Program (NYTVIP) genehmigt wurde, das bis zu $100.000 als Geldgutscheinanreiz für ihren vollelektrischen B4-Truck bietet. Dies kommt zu den bestehenden Anreizen der Bundesstaaten im Nordosten, darunter Massachusetts ($30.000), New Jersey ($90.000) und Pennsylvania ($20.000). In Kombination mit dem bundesstaatlichen IRA-Steuergutschrift von $40.000 können Kunden insgesamt zwischen $70.000 und $140.000 an Anreizen erhalten.
Der Bollinger B4 Chassis Cab aus 2025, der mit einem 158-kilowattstunden Batteriepakket ausgestattet ist, hat mehrere Fahrzeugverkaufsverträge gesichert und sein Händlernetz erweitert. Zu den jüngsten Erfolgen gehören die Einhaltung von FMVSS, die EPA-Zertifizierung und die CARB-Zertifizierung.
- Secured up to $100,000 NYTVIP incentive approval in New York
- Qualified for multiple state incentives totaling up to $140,000 with IRA credit
- Secured multiple fleet sales agreements totaling 265 vehicles
- Obtained key regulatory certifications (FMVSS, EPA, CARB)
- Expanded dealer and service center network
- None.
Insights
The approval for state incentives in the Northeast region represents a significant financial catalyst for Bollinger Motors and its parent Mullen Automotive. With combined state and federal incentives ranging from
The recent string of fleet orders totaling 265 vehicles (145 from Momentum Group, 70 from Doering Fleet Management and 50 from EnviroCharge) demonstrates growing market acceptance. The expansion of dealer networks and establishment of service infrastructure through partnerships with Syncron and Amerit Fleet Solutions strengthens the company's commercial viability.
The timing of these incentive approvals aligns well with the growing demand for commercial EVs in urban logistics. The Northeast region, with its dense urban centers and strict environmental regulations, represents a strategic market opportunity. The B4's 158-kilowatt-hour battery pack and urban-focused design position it well for last-mile delivery and municipal fleet applications.
The establishment of a comprehensive dealer and service network across multiple states indicates a methodical approach to market penetration. The focus on Class 4 commercial vehicles targets a less crowded segment compared to the consumer EV market, potentially offering better margins and more stable demand from fleet operators.
Bollinger is approved for other Northeast state incentive programs from Massachusetts, New Jersey and Pennsylvania
BREA, Calif., Nov. 07, 2024 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an electric vehicle (“EV”) manufacturer, announces today that its subsidiary, Bollinger Motors (“Bollinger”), is now eligible for New York State’s New York Truck Voucher Incentive Program (“NYTVIP”), an incentive for commercial electric vehicles from the New York State Energy and Research Development Authority (“NYSERDA”) providing up to a
New York is the fourth state incentive in the Northeast which Bollinger Motors has qualified for, including:
- Massachusetts: Voucher up to
$30,000 from Massachusetts Offers Rebates for Electric Vehicles (MOR-EV) - New Jersey: Voucher up to
$90,000 from New Jersey Zero Emission Incentive Program (NJ ZIP) through the New Jersey Education Development Authority (NJEDA) - New York: Up to
$100,000 from NYTVIP through NYSERDA; and, - Pennsylvania: Up to a
$20,000 grant from Alternative Fuels Incentive Grant Program (AFIG) through the Pennsylvania Department of Environmental Protection
The 2025 Bollinger B4 Chassis Cab is an all-new, all-electric Class 4 commercial truck designed from the ground up with extensive fleet and upfitter input. Bollinger’s unique chassis design protects the 158-kilowatt-hour battery pack and components to offer unparalleled capability and safety in the commercial market.
“We applaud the states in the Northeast who are working hard to create more sustainable transportation options,” said Jim Connelly, chief revenue officer for Bollinger Motors. “The commercial fleet market is primed for electrification, and the incentives available in the Northeast will accelerate the adoption of this important technology.”
In addition to state incentives, the Bollinger B4 Chassis Cab has qualified for federal clean vehicle tax credits under the Inflation Reduction Act (“IRA”) of
“The financial incentives combined with the versatility of the Class 4 B4 to perform a variety of duty cycles creates incredible value for our customers,” Connelly said. “The B4 is a world-class, highly engineered vehicle that is capable and durable. It is well suited for urban driving. It will be an important part of many commercial fleets moving forward.”
Bollinger Motors has passed numerous milestones in the past several months, including:• Its production launch on Septembe
- Regulatory achievements including FMVSS compliance, receiving the Certificate of Conformity from the Environmental Protection Agency, and CARB certification
- A 145 vehicle sale to Momentum Group
- A 70 vehicle sale to Doering Fleet Management
- A 50 vehicle sale to EnviroCharge
- The addition of Anderson Motors, TEC Equipment, Affinity Truck Center, Nacarato Truck Centers, Nuss Truck & Equipment, and LaFontaine Automotive Group as dealers and service centers
- Working with Our Next Energy in Novi, Michigan, to supply battery packs
- Providing a full warranty coverage of the B4 chassis cab; and,
- Announcing Syncron as its warranty administration partner and Amerit Fleet Solutions as its mobile service provider
About Bollinger Motors
Founded in 2015 by Robert Bollinger, Bollinger Motors, Inc. is a U.S.-based company headquartered in Oak Park, Michigan. Bollinger Motors produces Class 4 all-electric commercial chassis cab trucks. In September of 2022, Bollinger Motors became a majority-owned company of Mullen Automotive, Inc. (NASDAQ: MULN).
Learn more at www.BollingerMotors.com.
About Mullen
Mullen Automotive (NASDAQ: MULN) is a Southern California-based automotive company building the next generation of commercial electric vehicles (“EVs”) with two United States-based vehicle plants located in Tunica, Mississippi, (120,000 square feet) and Mishawaka, Indiana (650,000 square feet). In August 2023, Mullen began commercial vehicle production in Tunica. In September 2023, Mullen received IRS approval for federal EV tax credits on its commercial vehicles with a Qualified Manufacturer designation that offers eligible customers up to
To learn more about the Company, visit www.MullenUSA.com.
Mullen Forward-Looking Statements
Certain statements in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1934, as amended. Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements. Words such as "continue," "will," "may," "could," "should," "expect," "expected," "plans," "intend," "anticipate," "believe," "estimate," "predict," "potential" and similar expressions are intended to identify such forward-looking statements. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of Mullen and Bollinger Motors and are difficult to predict. Examples of such risks and uncertainties include whether the Bollinger B4 will prove successful; how long state and federal electric vehicle incentive programs will continue to apply; the ability of Bollinger Motors’ B4 Class trucks to qualify for such incentive programs; and the impact of incentive programs on the resultant price of the Bollinger B4 Class trucks.
Additional examples of such risks and uncertainties include but are not limited to: (i) Mullen and Bollinger Motors' ability (or inability) to obtain additional financing in sufficient amounts or on acceptable terms when needed; (ii) Mullen and Bollinger Motors' ability to maintain existing, and secure additional, contracts with manufacturers, parts and other service providers relating to its business; (iii) Mullen and Bollinger Motors' ability to successfully expand in existing markets and enter new markets; (iv) Mullen and Bollinger Motors' ability to successfully manage and integrate any acquisitions of businesses, solutions or technologies; (v) unanticipated operating costs, transaction costs and actual or contingent liabilities; (vi) the ability to attract and retain qualified employees and key personnel; (vii) adverse effects of increased competition on Mullen and Bollinger Motors' business; (viii) changes in government licensing and regulation that may adversely affect Mullen and Bollinger Motors' business; (ix) the risk that changes in consumer behavior could adversely affect Mullen and Bollinger Motors' business; (x) Mullen and Bollinger Motors' ability to protect its intellectual property; (xi) the vehicles developed will perform as expected and (xii) local, industry and general business and economic conditions. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in the most recent annual report on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K filed by Mullen Automotive, Inc., of which Bollinger Motors is a partially owned subsidiary, with the Securities and Exchange Commission. Mullen and Bollinger Motors anticipate that subsequent events and developments may cause the Company’s plans, intentions and expectations to change. Mullen and Bollinger Motors assume no obligation, and specifically disclaim any intention or obligation, to update any forward-looking statements, whether because of new information, future events or otherwise, except as expressly required by law. Forward-looking statements speak only as of the date they are made and should not be relied upon as representing Mullen and Bollinger Motors' plans and expectations as of any subsequent date.
Bollinger Media Contact:
Mike DeVilling
(248) 875-4207,
mdevilling@westshorepr.com
Contact:
Mullen Automotive, Inc.
+1 (714) 613-1900
www.MullenUSA.com
Corporate Communications:
IBN
Los Angeles, California
www.InvestorBrandNetwork.com
310.299.1717 Office
Editor@InvestorBrandNetwork.com
FAQ
What is the maximum incentive amount available for Bollinger B4 Truck in New York under NYTVIP?
How many total vehicles has Bollinger Motors secured in recent sales agreements for MULN?
What is the battery capacity of the 2025 Bollinger B4 Chassis Cab?
What is the total maximum incentive available for Bollinger B4 combining state and federal credits?
