Incentives Ranging From $85,000 to $144,000 Available to Stimulate Commercial Electric Vehicle Market; Bollinger B4 All-Electric Truck Primed to Sell
Oak Park, Michigan, July 15, 2025 – – August will be one of the best times to buy a commercial electric vehicle, as funding for state incentives in New York are set to be replenished, according to Bollinger Motors. The New York Truck Voucher Incentive Program (“NYTVIP”) is a state incentive aimed to accelerate commercialization by providing point-of-sale vouchers to make advanced vehicles more affordable.
The NYTVIP program can provide credits from $85,000 up to $144,000. Paired with the 45W federal tax credit — up to $40,000 for a Class 4 — and you’ve got unprecedented up-front affordability for commercial EVs. The federal tax credit will expire for any commercial electric vehicle delivered after Sept. 30.
“The New York program is a model for how government incentives can stimulate the market for clean transportation,” said Jim Connelly, Chief Revenue Officer for Bollinger Motors. “Any company with sustainable transportation goals that wants to take advantage of this access to important incentives should act quickly. We anticipate demand for program funds will be high and they could be gone again in a matter of weeks.”
Connelly urged companies to prepare purchase orders in July so they can be at the front of the line when the programs re-open in August.
Bollinger Motors commercial Class 4 all-electric truck, the Bollinger B4, is a prime example of a vehicle supported by programs such as HVIP and NYTVIP. The Bollinger B4 Chassis Cab is an all-new, all-electric Class 4 commercial truck designed from the ground up with extensive fleet and upfitter input. Bollinger’s unique chassis design protects the 158-kwh battery pack and components to offer unparalleled capability and safety in the commercial market.
The B4 also has been designed with exceptional driving characteristics. The company’s patented Quad Bend frame construction allowed for the battery pack to be housed inside the frame wells, while tapering toward the cab to allow tighter turning radius for the vehicle’s tires. The vehicle’s powerful pickup, combined with its tight turning radius makes the B4 a versatile truck for multiple urban use cases.
ABOUT BOLLINGER MOTORS
Founded in 2015 by Robert Bollinger, Bollinger Motors, Inc. is a U.S.-based company headquartered in Oak Park, Michigan. Bollinger Motors is producing and selling their all-electric commercial Class 4 chassis cab truck. In September of 2022, Bollinger Motors became a majority-owned company of Mullen Automotive, Inc. (NASDAQ: MULN). Learn more at www.BollingerMotors.com and www.MullenUSA.com.
MEDIA CONTACT:
Mike DeVilling, (248) 875-4207, mdevilling@westshorepr.com
FORWARD-LOOKING STATEMENT
Certain statements in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1934, as amended. Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements. Words such as “continue,” “will,” “may,” “could,” “should,” “expect,” “expected,” “plans,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential” and similar expressions are intended to identify such forward-looking statements. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of Bollinger Motors and are difficult to predict. Examples of such risks and uncertainties include: (a) Bollinger Motors’ ability to finalize a sales agreement with Doering Fleet Management, and EnviroCharge and deliver purchased vehicles on schedule; (b) Bollinger Motors’ continued partnership with Anderson Motors, Affinity Truck Center, Bergey’s Truck Center, Broadway Ford Truck Centers, Nacarato Truck Centers, and TEC Equipment; (c) Bollinger Motors’ continued partnership with Our Next Energy as a battery supplier; (d) Bollinger Motors’ continued relationship with Syncron as its warranty administration provider; and (e) Bollinger Motors’ ability to know the manner in which the Bollinger B4 trucks will be used by EnviroCharge.
Additional examples of such risks and uncertainties include but are not limited to: (i) Bollinger Motors’ ability (or inability) to obtain additional financing in sufficient amounts or on acceptable terms when needed; (ii) Bollinger Motors’ ability to maintain existing, and secure additional, contracts with manufacturers, parts and other service providers relating to its business; (iii) Bollinger Motors’ ability to successfully expand in existing markets and enter new markets; (iv) Bollinger Motors’ ability to successfully manage and integrate any acquisitions of businesses, solutions or technologies; (v) unanticipated operating costs, transaction costs and actual or contingent liabilities; (vi) the ability to attract and retain qualified employees and key personnel; (vii) adverse effects of increased competition on Bollinger Motors’ business; (viii) changes in government licensing and regulation that may adversely affect Bollinger Motors’ business; (ix) the risk that changes in consumer behavior could adversely affect Bollinger Motors’ business; (x) Bollinger Motors’ ability to protect its intellectual property; (xi) the vehicles developed will perform as expected and (xii) local, industry and general business and economic conditions. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in the most recent annual report on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K filed by Mullen Automotive, Inc., of which Bollinger Motors is a partially owned subsidiary, with the Securities and Exchange Commission. Bollinger Motors anticipates that subsequent events and developments may cause its plans, intentions, and expectations to change. Bollinger Motors assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward-looking statements, whether because of new information, future events, or otherwise, except as expressly required by law. Forward-looking statements speak only as of the date they are made and should not be relied upon as representing Bollinger Motors’ plans and expectations as of any subsequent date.