Mullen Automotive Receives IRS Approval for Federal EV Tax Credit on Commercial Vehicles Effective Sept. 14, 2023

Company receives “Qualified Manufacturer” designation enabling qualification for commercial EV federal tax credit of up to $7,500 per vehicleBREA, Calif., September 19, 2023– via InvestorWire – Mullen Automotive, Inc . Additionally, according to the relevant IRS regulation, vehicles with gross vehicle weight ratings (GVWR) of over 14,000 pounds can qualify for $40,000 federal EV tax credits. Mullen received this designation on Sept. 14, 2023, as a “Qualified Manufacturer” as defined in § 30D(d)(3) of the Internal Revenue Code. Mullen's EV development portfolio includes the Mullen FIVE EV Crossover, Mullen GO Commercial Urban Delivery EV, Mullen Commercial Class 1-3 EVs, and Bollinger Motors, which features both the B1 and B2 electric SUV trucks and Class 4-6 commercial offerings. Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements.