Bollinger Innovations Slashes Prices on Electric Vehicles to Boost Commercial Adoption
TL;DR
Bollinger Innovations offers a $7,500 price adjustment on Mullen ONE and THREE EVs, making them high-value options in the commercial EV market with additional IRA credits.
Bollinger Innovations adjusts MSRPs to $27,000 for Mullen ONE and $61,000 for Mullen THREE, with a $7,500 incentive and IRA credit for early deliveries.
Bollinger Innovations' price adjustments and IRA credits on EVs promote cleaner transportation, contributing to environmental sustainability and a greener future.
Bollinger Innovations rebrands from Mullen Automotive, introducing price incentives for EVs and planning to relabel vehicles under Bollinger Motors by 2026.
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Bollinger Innovations, Inc. (NASDAQ: BINI) has announced a significant price reduction for its Mullen ONE and Mullen THREE electric vehicles (EVs), offering a $7,500 discount to commercial customers. This strategic price adjustment is designed to make the Mullen ONE, now starting at $27,000, and the Mullen THREE, priced at $61,000, more competitive in the Class 1 and Class 3 commercial EV markets. The move is timely, as it coincides with the availability of a $7,500 credit under the Inflation Reduction Act for deliveries completed by September 30, further reducing the total cost of ownership for businesses.
The company, previously known as Mullen Automotive, is positioning itself strongly in the market ahead of rebranding these vehicles under the Bollinger Motors name starting with the 2026 model year. In addition to the Mullen ONE and THREE, Bollinger Innovations is expanding its lineup with the introduction of the Bollinger B4 Class 4 truck and anticipates a Class 5 model by 2027. These efforts highlight the company's dedication to offering a wide range of commercial EVs tailored to the diverse needs of the U.S. market, all produced domestically at its Tunica, Mississippi facility.
Bollinger Innovations has also developed a comprehensive dealer network across the United States, including partnerships with Papé Kenworth and Randy Marion Auto Group, to ensure broad sales and service coverage. This network is crucial for providing businesses nationwide with access to the Mullen ONE and THREE. For more details on Bollinger Innovations and its EV offerings, visit https://www.BollingerEV.com.
This announcement underscores Bollinger Innovations' proactive strategy in the rapidly evolving EV sector, offering commercial customers significant savings and supporting the shift towards sustainable transportation. With the Inflation Reduction Act credit deadline approaching, the price cuts on the Mullen ONE and THREE present a timely opportunity for businesses to transition to electric fleets at a reduced cost.
Curated from InvestorBrandNetwork (IBN)
