Bollinger Motors Secures CARB Certification for B4 Electric Truck, Paving Way for Incentives and Market Expansion

Mullen Automotive (NASDAQ: MULN), an emerging player in the electric vehicle (EV) industry, has announced a significant milestone for its subsidiary, Bollinger Motors. The company has secured certification from the California Air Resources Board (CARB) for its B4 all-electric, Class 4 low forward chassis truck, marking a crucial step towards market readiness and expansion.

The CARB certification is a prerequisite for vehicle sales in California and 14 other states, including Colorado, Connecticut, Delaware, Maine, Maryland, Massachusetts, New Jersey, New Mexico, New York, Oregon, Pennsylvania, Rhode Island, Vermont, and the District of Columbia. This achievement not only broadens the potential market for the B4 EV truck but also unlocks access to substantial financial incentives for customers.

According to the announcement, B4 EV truck customers may now be eligible for combined federal and state incentives of up to $100,000. This financial boost could significantly enhance the attractiveness of the B4 to potential buyers, particularly fleet operators looking to transition to more environmentally friendly vehicles.

Bryan Chambers, President and Chief Operating Officer of Bollinger Motors, emphasized the importance of this certification, stating, "The CARB certification represents an important milestone in our mission to bring a world-class electric vehicle to market." He further noted that meeting environmental requirements is critical to satisfying customer expectations and ensuring vehicles are ready for sale.

Bollinger Motors has set a production start date of September 16, 2024, for the B4, with customer deliveries expected to commence in October. This timeline gives potential customers and industry observers a clear view of when they can expect to see these vehicles on the road.

The certification of the B4 aligns with Mullen Automotive's broader strategy in the EV market. The company has been making strides in the commercial EV sector, with production already underway at its Tunica, Mississippi facility since August 2023. Mullen's portfolio includes the Class 1 EV cargo van (Mullen ONE) and the Class 3 EV cab chassis truck (Mullen THREE), both of which have received CARB and EPA certification and are currently available for sale in the U.S.

This development comes at a time when the EV industry is experiencing rapid growth and increasing demand for commercial electric vehicles. The B4's certification could position Bollinger Motors and its parent company, Mullen Automotive, to capitalize on this trend, particularly in states with stringent emissions regulations.

The CARB certification for the B4 represents more than just regulatory compliance; it signifies Bollinger Motors' commitment to producing vehicles that meet high environmental standards. As cities and businesses increasingly focus on reducing their carbon footprint, vehicles like the B4 could play a crucial role in the transition to sustainable transportation solutions.

For investors and industry watchers, this certification may be seen as a positive indicator of Mullen Automotive's progress in bringing competitive electric vehicles to market. It also demonstrates the company's ability to navigate complex regulatory environments, which is crucial for success in the automotive industry.

As Bollinger Motors moves closer to the production and delivery of the B4, the industry will be watching closely to see how this vehicle performs in the market and whether it can help drive the broader adoption of electric commercial vehicles across the United States.