Bollinger Innovations, Inc. (NASDAQ: BINI) has announced a significant price reduction on its Mullen ONE and Mullen THREE electric vehicles (EVs), offering commercial customers a $7,500 discount on existing inventory. This strategic move lowers the manufacturer's suggested retail price (MSRP) to $27,000 for the Mullen ONE and $61,000 for the Mullen THREE, positioning these models as competitive options in the Class 1 and Class 3 commercial EV segments. The price adjustment comes at a critical time, as deliveries made before September 30 are eligible for an additional $7,500 credit under the Inflation Reduction Act, further enhancing the vehicles' affordability and appeal.
The company, formerly known as Mullen Automotive, has rebranded and plans to relabel the Mullen ONE and THREE under the Bollinger Motors name starting with the 2026 model year. This rebranding effort is part of Bollinger Innovations' broader strategy to consolidate its product lineup, which also includes the Bollinger B4 Class 4 truck, with a Class 5 model anticipated in 2027. For more details on the announcement, visit https://ibn.fm/qvrBp.
Bollinger Innovations' commitment to expanding its commercial EV offerings is evident in its development of a robust dealer network, which includes seven dealers across key U.S. markets. This network ensures that customers have access to sales and service support, a critical factor in the adoption of commercial EVs. The company's efforts to make electric vehicles more accessible and affordable are timely, as businesses increasingly seek sustainable transportation solutions to reduce operating costs and meet environmental goals.
The price reduction and available incentives underscore the growing competitiveness of electric vehicles in the commercial sector. By lowering the financial barrier to entry, Bollinger Innovations is not only accelerating the adoption of its EVs but also contributing to the broader shift towards sustainable transportation. For further information on Bollinger Innovations and its products, visit https://www.BollingerEV.com.
