EV maker Mullen Automotive has received approval under the Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project (HVIP) from the California Air Resources Board for its Class 3 2024 Mullen THREE.
The Mullen THREE model is a cab-forward truck featuring a 125-mile range and designed for urban last-mile delivery and such applications as construction, landscaping, and catering.
The incentive program is designed to make EVs more affordable. The truck has a manufacturer’s suggested retail price (MSRP) of $68,500 and qualifies for a cash voucher of up to $45,000. When this is combined with the available $7,500 federal tax credit, the effective net cost of the truck could be less than $17,000, according to the company.
“California’s HVIP approval for the 2024 Mullen THREE is a significant milestone making our Class 3 electric truck even more attractive and accessible to businesses,” said David Michery, CEO of Mullen Automotive.
Source: Mullen Automotive
