Certification opens the Bollinger B4 EV truck to federal and state
incentive programs totaling $100,000
in potential savings
OAK
PARK, Mich., Sept. 9,
2024 /PRNewswire/ -- Bollinger Motors, Inc.
("Bollinger Motors"), a commercial electric vehicle ("EV")
manufacturer, today announced it achieved certification from the
California Air Resources Board ("CARB") for the company's
all-electric Bollinger B4 Class 4
trucks.
The CARB certification is a requirement to sell vehicles in the
CARB-compliant states of California, Colorado, Connecticut, Delaware, Maine, Maryland, Massachusetts, New
Jersey, New Mexico,
New York, Oregon, Pennsylvania, Rhode
Island, Vermont and the
District of Columbia. All CARB
states and locations have adopted vehicle standards under Section
177 of the Clean Air Act (42 U.S.C. §7507), which requires
additional approvals beyond Environmental Protection
Agency regulations.
CARB certification provides a path for Bollinger Motors'
customers to qualify for additional state incentives, such as
California's HVIP project
("HVIP"). When combined with the B4's $40,000 IRS rebate, HVIP can offer a rebate of up
to $60,000, adding up to $100,000 in combined total savings.
Bollinger Motors will begin production of the B4 on September 16, 2024, with customer deliveries to
begin in October.
"The CARB certification represents an important milestone in our
mission to bring a world-class electric vehicle to market," said
Bollinger Motors President and Chief Operating Officer Bryan Chambers. "Environmental requirements are
critical to meeting customer expectations and providing sale-ready
vehicles. With this important accomplishment, the B4 is one step
closer to electrifying vehicle fleets from coast-to-coast."
The CARB certification is among a long list of Bollinger Motors'
milestones in recent months including: receiving the Certificate of
Conformity from the Environmental Protection Agency;
providing full warranty coverage of the B4 chassis cab; a
145-vehicle sale to Momentum Group; a 70-vehicle sale to Doering
Fleet Management; a 50-vehicle sale to EnviroCharge; the addition
of TEC Equipment, Affinity Truck Center, Nacarato Truck Centers,
Nuss Truck & Equipment, and
LaFontaine Automotive Group as dealers and service centers; adding
Our Next Energy in Novi, Mich. to supply battery packs;
teaming up with Syncron as its warranty administration partner; and
adding Amerit Fleet Solutions as its mobile service provider.
To learn more about Bollinger Motors, visit
www.BollingerMotors.com.
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 developing all-electric
commercial chassis cab trucks, Classes 4-6. 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.
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, EnviroCharge, and Momentum Groups and deliver purchased
vehicles on schedule; (b) Bollinger Motors' continued partnership
with TEC Equipment, Affinity Truck Center, Nacarato Truck Centers,
Nuss Truck & Equipment, and
LaFontaine Automotive Group as dealers and service centers; (c)
Bollinger Motors' continued partnership with Our Next Energy as a
battery supplier; (d) Bollinger Motors' continued partnership with
Roush Industries as a contract manufacturer; (e) Bollinger Motors'
continued relationship with Syncron as its warranty administration
provider; (f) Bollinger Motors' continued relationship with Amerit
Fleet Solutions as its mobile service provider; and (g) Bollinger
Motors' B4 Class trucks' ability to qualify for current or future
state and federal incentive programs.
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.
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