What’s Happening
Mullen Automotive, an emerging electric vehicle (EV) manufacturer, has announced customer pricing for its Mullen ONE, Class 1 EV Cargo Van, and Mullen THREE, Class 3 EV Cab Chassis Truck. Both vehicles qualify for a $7,500 federal tax credit, making their net prices attractive for businesses looking to transition to electric fleets.
Why It Matters
As businesses increasingly focus on sustainability and addressing climate change, the competitive pricing of Mullen’s commercial products will make it easier for them to transition to electric vehicles. Mullen is positioning itself as a leader in the EV market with the Mullen ONE anticipated to be the first EV cargo van in the Class 1 commercial vehicle segment.
Key Points
Mullen ONE, Class 1 Urban Delivery EV Cargo Van: Starting MSRP of $34,500, with a net price of $27,000 after the federal tax credit.
- Vehicle highlights: 110-mile estimated range, 4,881 lbs. GVWR, 1,683 lbs. max payload, 157 cu. ft. cargo volume, 20 ft. turning radius.
Mullen THREE, Class 3 Urban Utility EV Cab Chassis Truck: Starting MSRP of $68,500, with a net price of $61,000 after the federal tax credit.
- Vehicle highlights: 130-mile estimated range, 11,000 lbs. GVWR, 5,802 lbs. max payload, 14 ft. max box length, 38 ft. turning diameter.
Various state incentives, such as the California HVIP program, offer additional financial support for commercial electric vehicles.
Bottom Line
Mullen Automotive is making strides in the electric vehicle market with the announcement of competitive pricing for its Mullen ONE and Mullen THREE vehicles. With federal and state incentives lowering the acquisition cost, these electric vehicles will be an attractive option for businesses looking to invest in sustainable transportation. To-date, 19 EV Cargo vans have been delivered, with 20 more deliveries targeted for May 2023. The company also anticipates a purchase order for 200 Class 1 EV vans in May 2023. Additionally, a 1,000-unit purchase order for Class 3 EV Cab Chassis Trucks from Randy Marion Automotive Group was announced recently, with production set to begin in August 2023 and final deliveries completed by Q1 2024.
