Mullen Automotive EVs Qualify for Up to $15,000 in Illinois Incentives
TL;DR
Mullen Automotive's commercial EVs now qualify for Illinois' ComEd rebates, offering up to $7,500 per vehicle, enhancing savings with federal credits for a competitive edge in fleet electrification.
Illinois' ComEd EV Rebate Program provides up to $7,500 for Mullen ONE vans and $30,000 for medium-duty EVs, with applications for the latter currently waitlisted due to demand.
Mullen Automotive's eligibility for Illinois' ComEd EV rebates accelerates the transition to green transportation, reducing emissions and fostering a cleaner, more sustainable future.
Discover how Mullen Automotive's EVs in Illinois can save businesses up to $15,000 with state and federal incentives, marking a leap towards eco-friendly commercial transport.
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Mullen Automotive Inc. (NASDAQ: MULN) has announced that its commercial electric vehicles (EVs) are now eligible for incentives under Illinois' ComEd Business & Public Sector EV Rebate Program. This development allows businesses purchasing Mullen vehicles through Pritchard EV or Range Truck Group to qualify for up to $7,500 per Mullen ONE Class 1 cargo van, with potential total savings reaching $15,000 when federal tax credits are included. Medium-duty EVs may also qualify for rebates up to $30,000, though these applications are currently waitlisted due to high demand.
The inclusion of Mullen's vehicles in the ComEd program represents a significant expansion of cost-saving options for businesses looking to electrify their fleets. This move not only enhances the affordability of Mullen's EVs but also aligns with broader environmental goals by encouraging the adoption of cleaner transportation solutions. The program complements existing state-level incentives in California and Massachusetts, further solidifying Mullen's position in the competitive EV market.
Mullen Automotive, a Southern California-based company, has been making strides in the commercial EV sector, with its vehicles now CARB and EPA certified and available for sale across the U.S. The company's recent expansions, including the addition of new dealers and the Foreign Trade Zone status approval for its Mississippi manufacturing center, underscore its commitment to scaling production and making EVs more accessible. This latest incentive program in Illinois is a testament to the growing recognition of electric vehicles as a viable and sustainable option for commercial fleets.
Curated from InvestorBrandNetwork (IBN)
