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.
Mar 04 2023