Mullen Automotive Inc. (NASDAQ: MULN), a prominent electric vehicle (EV) manufacturer, has revealed that the Massachusetts Executive Office of Energy and Environmental Affairs’ Department of Energy Resources (DOER) has officially sanctioned their 2024 Mullen ONE, an all-electric Class 1 cargo van, for inclusion in the MOR-EV program. This approval enables purchasers to qualify for a cash voucher of up to $3,500
The MOR-EV program, managed by the Executive Office of Energy and Environmental Affairs’ Department of Energy Resources and administered statewide by the Center for Sustainable Energy (CSE), aims to make electric vehicles more affordable for Massachusetts residents, businesses, and non-profit organizations. This initiative supports the achievement of clean transportation goals, reduces greenhouse gas emissions, and provides more equitable access to EVs. MOR-EV Trucks incentivizes purchases and leases of various medium- and heavy-duty battery electric and fuel cell electric trucks, buses, and vans, with rebates available for both individual and fleet acquisitions.
Under the MOR-EV program, the 2024 Mullen ONE EV cargo van, with a suggested MSRP of $34,500, now qualifies for up to a $3,500 cash voucher. When combined with the available $7,500 federal tax credit, the net effective cost of the Mullen ONE would be approximately $23,500.
“Both the Mullen ONE and THREE are now eligible for the MOR-EV rebate, making our Commercial EVs even more affordable for Massachusetts businesses,” said David Michery, CEO and chairman of Mullen Automotive. “We’re committed to making Mullen Commercial EVs accessible nationwide, and securing state-level incentives like the MOR-EV program is a key part of this strategy.”
The Mullen THREE and Mullen ONE are available for purchase in Massachusetts through the recently announced New England area EV dealer, Eco Auto, based north of Boston in Tewksbury, Massachusetts.
The Mullen THREE also qualified last month for a $15,000 incentive through the State of Massachusetts MOR-EV program and has received California Air Resources Board (“CARB”) approval for both 2024 and 2025 Class 3 model years. Massachusetts, a CARB-approved state, has a similar program to California’s Hybrid and Zero-Emissions Truck and Bus Voucher Incentive Project (“HVIP”), which in April approved the Mullen THREE for a $45,000 HVIP cash rebate voucher at the time of vehicle purchase.
Mullen’s commercial EV lineup includes the Mullen ONE, a Class 1 EV cargo van, and the Mullen THREE, a Class 3 EV cab chassis truck, purpose-built to meet the demands of urban last-mile delivery. Both vehicles are available for sale and in full compliance with U.S. Federal Motor Vehicle Safety Standards, the Environmental Protection Agency, and CARB certifications, denoting strict adherence to clean air emissions standards.
