Mullen Announces New Certification From The California Air Resources Board On The 2025 Class 3 EV Cab Chassis Truck
Portfolio Pulse from Benzinga Newsdesk
Mullen Automotive, Inc. (MULN) has received CARB certification for its 2025 Mullen THREE, Class 3 EV truck, enabling eligibility for state EV incentives and aligning with the ACF regulation for zero-emission vehicle purchases by state and local government fleets. This follows a previous certification for the 2024 model year. The certification could significantly boost Mullen's market presence in CARB-compliant states, offering substantial rebates and tax credits to lower the net cost of the Mullen THREE.
April 25, 2024 | 1:22 pm
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Mullen Automotive's recent CARB certification for its 2025 Mullen THREE EV truck positions the company to capitalize on state EV incentives and meet the demand from the ACF regulation for zero-emission vehicles in government fleets. This could enhance Mullen's competitive edge in the EV market, especially in CARB-compliant states.
The CARB certification is a critical regulatory milestone that enables Mullen Automotive to participate in state EV incentive programs, significantly reducing the net cost of its vehicles for customers. This, combined with the ACF regulation requiring zero-emission vehicle purchases, positions Mullen to increase sales to government fleets, thereby potentially boosting its stock price in the short term.
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