Mullen Announces Bollinger Motors Receives IRS Approval for $40,000 Commercial EV Tax Credit

February 6, 2024

https://www.globenewswire.com/news-release/2024/02/06/2824445/0/en/Mullen-Announces-Bollinger-Motors-Receives-IRS-Approval-for-40-000-Commercial-EV-Tax-Credit.html

BREA, Calif., Feb. 06, 2024 (GLOBE NEWSWIRE) — via IBN — Mullen Automotive Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, announces today Bollinger Motors (“Bollinger”) has received IRS approval as a “qualified manufacturer” for clean vehicle credits under the Inflation Reduction Act of 2022 (the “IRA”). This designation enables the Bollinger B4 chassis cab to qualify for the IRA’s new credit for qualified commercial clean vehicles, providing eligible purchasers a tax credit of up to $40,000 per vehicle. 

Read more at globenewswire.com

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