Mullen Automotive has secured a substantial order for its all-electric Class 3 Mullen THREE trucks from Houston-based logistics company Cashflow on Wheels. The 20-unit order, valued at approximately $1.4 million, represents a strategic move toward electric vehicle fleet adoption for a company servicing major clients like FedEx and Amazon.
The order, to be fulfilled by Mullen dealer Pritchard Automotive, was motivated by Cashflow on Wheels' discovery of significant cost savings. The company estimates over $500 in savings per route per week through electric vehicle implementation, signaling a potentially transformative economic advantage for commercial transportation.
This transaction comes at a pivotal moment for Mullen Automotive, which began commercial vehicle production in Tunica, Mississippi in August 2023. The company has achieved key certifications, including California Air Resource Board and EPA approvals for its Mullen ONE cargo van and Mullen THREE truck models.
Additional financial incentives make the electric vehicle transition particularly attractive. The company has received federal EV tax credit approval, offering eligible customers up to $7,500 per vehicle. Moreover, the Mullen THREE truck qualifies for a California Hybrid and Zero-Emission Truck and Bus Voucher Program (HVIP) cash voucher of up to $45,000.
The order underscores a growing trend of logistics companies exploring electric vehicle solutions to reduce operational costs and environmental impact. For Mullen Automotive, this represents a significant milestone in establishing credibility in the competitive commercial electric vehicle market.
