The 2025 B4 buyers can qualify for more
than $100,000 in state and federal
incentives on all-new, all-electric Class 4 truck
OAK
PARK, Mich., Sept. 18,
2024 /PRNewswire/ -- Bollinger Motors, Inc.
("Bollinger Motors"), a commercial electric vehicle ("EV")
manufacturer, announced today that the 2025 Bollinger B4
Chassis Cab will have a Manufacturers Suggested Retail Price (MSRP)
of $158,758.
The Bollinger B4 Chassis Cab is an all-new, all-electric Class 4
commercial truck designed from the ground up with extensive fleet
and upfitter input. Bollinger's unique chassis design protects the
158-kwh battery pack and components to offer impressive capability
and safety in the commercial market. The company commenced serial
production of the B4 the week of September
16, and will begin delivering vehicles to customers in
October 2024. The all-electric
Bollinger B4 Chassis Cab is now available for order, and is
available via Bollinger's national dealer network.
The 2025 B4 will be eligible for combined federal and state
incentives that could be in excess of $100,000. The base B4 can be enhanced with dealer
accessories and several factory options, including an e-PTO unit
(which will be available in January) to meet a fleet's specific
needs.
"Our team has listened to our customers and created a
world-class electric truck to fill an important segment of the
Class 4 commercial fleet market," said Jim
Connelly, chief revenue officer for Bollinger Motors. "We
feel that we are bringing a versatile and valuable truck to market
at a competitive price point. When combined with the variety of
incentives available to potential customers, we believe the B4
makes the fleet transition to electric a no-brainer."
Earlier this year, Bollinger Motors received IRS approval as a
qualified manufacturer for clean vehicle credits under the
Inflation Reduction Act of 2022 ("IRA"). This designation
enables the Bollinger B4 chassis cab to qualify for the
IRA's new credit for qualified commercial clean vehicles,
providing eligible purchasers a tax credit of up to $40,000 per vehicle. In addition, Bollinger
Motors was recently CARB certified, providing the pathway to
California's Hybrid and
Zero-Emission Truck and Bus Voucher Incentive 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. Additional
available state and local incentives could push the total above
$100,000.
The MSRP announcement follows a series of recent news including
the start of production of the B4; a 145-vehicle sale to Momentum
Group, a 70-vehicle sale to Doering Fleet Management, a 50-vehicle
sale to EnviroCharge; dealer and service center agreements from
Affinity Truck Center, TEC Equipment, Nacarato Truck Centers,
Nuss Truck & Equipment, and
LaFontaine Automotive Group; providing full warranty coverage of
the B4 chassis cab; receiving the Certificate of Conformity from
the Environmental Protection Agency; Our Next Energy in Novi,
Mich. to supply battery packs; and Amerit Fleet Solutions as
its mobile service provider.
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 producing all-electric Class-4
commercial chassis cab trucks, with plans to expand into Class 5 in
2025. 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 Nacarato Truck Centers, Nuss Truck & Equipment, TEC Equipment,
Affinity Truck Center, 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 relationship with Syncron as its warranty administration
provider; (e) Bollinger Motors' continued relationship with Amerit
Fleet Solutions as its mobile service provider; and (f) Bollinger
Motors reserves the right to edit the MSRP of the B4 at any time,
as necessary.
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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SOURCE Bollinger Motors