Mullen's Class 1 EV Cargo Van Receives Approval For The MOR-EV Program, Granting A $3,500 Rebate In Massachusetts
Portfolio Pulse from Benzinga Newsdesk
Mullen Automotive's Class 1 EV Cargo Van has been approved for the MOR-EV program in Massachusetts, granting a $3,500 rebate. Combined with a $7,500 federal tax credit, the net cost of the van is reduced to approximately $23,500.
July 17, 2024 | 1:18 pm
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Mullen Automotive's Class 1 EV Cargo Van has been approved for the MOR-EV program in Massachusetts, providing a $3,500 rebate. This, combined with a $7,500 federal tax credit, significantly reduces the net cost of the van, potentially boosting sales.
The approval for the MOR-EV program and the associated rebate, along with the federal tax credit, makes the Mullen ONE more affordable. This could lead to increased sales and positively impact Mullen's stock price in the short term.
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