Mullen Added to ComEd State Rebate Program, Offering Business Customers Significant EV Incentives in Illinois

Core Points - Mullen Automotive's commercial EVs are now eligible for the ComEd Business & Public Sector EV Rebate Program in Illinois, allowing significant cost savings for businesses transitioning to electric vehicles [1][4][5] - The ComEd program aims to distribute over $70 million in rebates for various electric vehicles through 2025 [2][8] - The Mullen ONE Class 1 EV cargo van qualifies for an incentive of up to $7,500, which can be combined with a federal tax credit for a total potential savings of up to $15,000 per vehicle [3][14] Company Overview - Mullen Automotive is a California-based electric vehicle manufacturer with two production facilities in the U.S., located in Tunica, Mississippi, and Mishawaka, Indiana [9] - The company has begun commercial vehicle production and offers models like the Mullen ONE and Mullen THREE, which comply with U.S. safety and emissions standards [6][9] - Mullen's dealer network includes seven dealers across key U.S. markets, providing sales and service support [9] Incentive Program Details - The ComEd Business & Public Sector EV Rebate Program provides a straightforward path for fleet electrification, targeting commercial customers [2][8] - The program includes incentives for light, medium, and heavy-duty electric vehicles, with medium-duty EVs currently on a waitlist due to high demand [3][4] - Authorized dealers, such as Pritchard EV and Range Truck Group, assist customers in navigating the incentive process and can process rebates at the point of sale [5][7]