Bollinger Innovations Announces $7,500 Price Reduction on Mullen Commercial EVs, Aligning with Federal Credit Deadline

Bollinger Innovations, Inc. (NASDAQ: BINI) has implemented a $7,500 price reduction for its Mullen ONE and Mullen THREE electric vehicles for commercial customers. This adjustment positions the Mullen ONE starting at $27,000 and the Mullen THREE at $61,000, aiming to enhance their competitiveness in the Class 1 and Class 3 commercial EV segments. The strategic price cut is designed to make these models more attractive cost-effective options for businesses transitioning their fleets to electric power.

The timing of this announcement is significant as it coincides with the availability of a $7,500 Inflation Reduction Act credit for deliveries completed by September 30. This combination of reduced pricing and federal incentive is expected to substantially lower the total cost of ownership for commercial buyers, improving the financial viability of switching to electric vehicles. Bollinger Innovations, which was formerly known as Mullen Automotive, is leveraging this opportunity to strengthen its market position before these vehicles are rebranded under the Bollinger Motors name starting with the 2026 model year.

Beyond the Mullen ONE and THREE models, Bollinger Innovations is expanding its commercial EV lineup with the introduction of the Bollinger B4 Class 4 truck and anticipates a Class 5 model in 2027. These developments demonstrate the company's commitment to providing a comprehensive range of commercial electric vehicles tailored to diverse U.S. market needs. The company's manufacturing operations at its facility in Tunica, Mississippi, are central to its strategy for domestic production of next-generation electric vehicles.

Bollinger Innovations has established an extensive dealer network across key U.S. regions to ensure widespread sales and service coverage for its vehicles. This network includes prominent dealers such as Papé Kenworth and Randy Marion Auto Group, facilitating nationwide access to the Mullen ONE and THREE for commercial customers. For additional details about the company and its electric vehicle offerings, visit https://www.BollingerEV.com.

The company's latest move reflects a proactive approach to the evolving electric vehicle market, delivering tangible financial benefits to commercial customers while supporting broader adoption of sustainable transportation. With the Inflation Reduction Act credit deadline approaching, the reduced pricing on the Mullen ONE and THREE creates a timely window for businesses to invest in electric vehicles at significantly lower cost, potentially accelerating fleet electrification efforts across various industries.