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Posted On: 04/29/2024 4:17:56 PM
Post# of 1107
NetworkNewsBreaks – Mullen Automotive Inc.’s (NASDAQ: MULN) Class 3 EV Truck Approved for California’s $45,000 HVIP Cash Voucher Program
Mullen Automotive (NASDAQ: MULN), an electric vehicle (“EV”) manufacturer, has received approval from the California Air Resources Board (“CARB”) for the Mullen THREE, a class 3 low cab forward vehicle, to be accepted in the state’s Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project (“HVIP”). The approval means the Mullen THREE EV truck now qualifies for a rebate of up to $45,000. According to the announcement, when that rebate is combined with the $7,500 federal tax credit, the Mullen THREE, which has a suggested MSRP of $68,500, could be available for under $17,000. California’s HVIP program supports deployment of zero-emission technologies and is designed to increase commercialization by providing point-of-sale vouchers to make advanced vehicles more affordable. The all-electric Mullen THREE offers a 125-mile range and is designed to meet the demands of urban last-mile delivery. “California’s HVIP approval for the 2024 Mullen THREE is a significant milestone making our Class 3 electric truck even more attractive and accessible to businesses seeking to electrify their fleets,” said Mullen Automotive CEO David Michery in the press release.
NOTE TO INVESTORS: The latest news and updates relating to MULN are available in the company’s newsroom at https://nnw.fm/MULN
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
Mullen Automotive (NASDAQ: MULN), an electric vehicle (“EV”) manufacturer, has received approval from the California Air Resources Board (“CARB”) for the Mullen THREE, a class 3 low cab forward vehicle, to be accepted in the state’s Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project (“HVIP”). The approval means the Mullen THREE EV truck now qualifies for a rebate of up to $45,000. According to the announcement, when that rebate is combined with the $7,500 federal tax credit, the Mullen THREE, which has a suggested MSRP of $68,500, could be available for under $17,000. California’s HVIP program supports deployment of zero-emission technologies and is designed to increase commercialization by providing point-of-sale vouchers to make advanced vehicles more affordable. The all-electric Mullen THREE offers a 125-mile range and is designed to meet the demands of urban last-mile delivery. “California’s HVIP approval for the 2024 Mullen THREE is a significant milestone making our Class 3 electric truck even more attractive and accessible to businesses seeking to electrify their fleets,” said Mullen Automotive CEO David Michery in the press release.
NOTE TO INVESTORS: The latest news and updates relating to MULN are available in the company’s newsroom at https://nnw.fm/MULN
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
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