Bollinger Innovations Slashes Prices on Mullen EVs Ahead of Incentive Deadline
Bollinger Innovations, Inc. reduces prices on Mullen ONE and THREE EVs by $7,500, enhancing affordability ahead of the Inflation Reduction Act credit deadline, marking a significant move in the commercial EV market.
Bollinger Innovations, Inc. (NASDAQ: BINI) has announced a significant price reduction of $7,500 on its Mullen ONE and Mullen THREE electric vehicles (EVs) for commercial customers, a strategic move timed ahead of the September 30 deadline for the $7,500 Inflation Reduction Act credit. This adjustment lowers the manufacturer's suggested retail price (MSRP) to $27,000 for the Mullen ONE, a Class 1 EV cargo van, and $61,000 for the Mullen THREE, a Class 3 EV cab chassis truck, positioning these models as competitive options in their respective segments.
The price cut, combined with the federal tax credit, underscores Bollinger Innovations' commitment to making electric commercial vehicles more accessible to businesses. This initiative not only benefits commercial customers by reducing upfront costs but also aligns with broader environmental goals by encouraging the adoption of zero-emission vehicles. The company, which recently rebranded from Mullen Automotive, plans to relabel these vehicles under the Bollinger Motors brand starting with the 2026 model year, signaling a new chapter in its evolution.
Bollinger Innovations' product lineup is set to expand with the introduction of the Bollinger B4 Class 4 truck, with a Class 5 model expected in 2027. These developments reflect the company's ambition to establish a comprehensive range of commercial EVs. With a manufacturing facility in Tunica, Mississippi, and a growing dealer network across the United States, Bollinger Innovations is poised to meet the increasing demand for sustainable transportation solutions. For more information on Bollinger Innovations and its offerings, visit https://www.BollingerEV.com.
The announcement comes at a critical time as businesses and governments worldwide push for greener alternatives to traditional combustion engine vehicles. By making its EVs more financially attractive, Bollinger Innovations not only enhances its market position but also contributes to the acceleration of the commercial sector's transition to electric mobility. This move is expected to have a ripple effect, encouraging other manufacturers to consider similar strategies to boost EV adoption.