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Along with the designation, the automaker’s Mullen ONE, a Class 1 EV Cargo Van, and the Mullen THREE, a Class 3 EV Cab Chassis Truck, are now approved for EV federal tax credits of up to $7,500 per qualified vehicle.
“Total cost of ownership is critically important to commercial customers. Tax credits such as these, along with lower fuel and maintenance costs, show a clear advantage for Mullen’s commercial offerings compared to traditional internal combustion vehicles,” said Mullen executive, John Schwegman.
Mullen received this designation on Sept. 14 and will be listed as a Qualified Manufacturer on irs.gov.
“This is part of fulfilling our commitment to customers. This presents a great opportunity to purchase a commercial vehicle while optimizing all available federal incentives,” said CEO David Michery.
Shares of MULN are up 3.77% in mid-day trading on Tuesday.
