New York State Set to Boost Commercial EV Market With Fresh Incentives This August

New York State Set to Boost Commercial EV Market With Fresh Incentives This August



In a significant move to encourage the adoption of electric vehicles, New York State is set to introduce a new round of incentives for commercial electric vehicles (EVs) starting this August. This initiative comes at an opportune moment, especially for businesses eyeing sustainable transportation solutions. With the replenishment of funds for the New York Truck Voucher Incentive Program (NYTVIP), the spotlight is on the Bollinger B4, an all-electric truck that stands to benefit greatly from these new incentives.

The NYTVIP program aims to provide point-of-sale vouchers, making advanced vehicles more financially accessible for businesses. These vouchers can range from $85,000 to $144,000, greatly reducing the initial investment required for commercial fleets looking to transition to electric. When combined with the federal tax credit, which can go up to $40,000 for Class 4 vehicles, the total potential savings makes for an appealing proposition. However, it's important to note that this federal credit is set to expire for any commercial electric vehicle delivered after September 30, adding an urgency to the buying process.

Jim Connelly, Chief Revenue Officer at Bollinger Motors, emphasized the role of state incentives in shaping the clean transportation landscape. He stated, “The New York program is a model for how government incentives can stimulate the market for clean transportation.” Businesses aiming to embrace this shift should act quickly; the available funds are expected to be exhausted within weeks of the program’s reopening.

For companies looking to capitalize on these incentives, early preparation is key. Connelly advises placing purchase orders as soon as July, ensuring they secure funding as soon as the program resumes operations in August.

The Bollinger B4: An Electric Workhorse



The Bollinger B4 all-electric truck is designed specifically to meet the demands of commercial use and is a prime candidate for the NYTVIP incentives. Built from the ground up with extensive input from fleet operators and upfitters, the B4 chassis cab truck is a true innovation in the electric vehicle space. It features a robust design that houses a 158 kWh battery pack within its patented Quad Bend frame. This unique construction not only offers safety and strength but also enhances the vehicle's overall driving characteristics.

The B4's battery placement ensures optimal weight distribution and protects crucial components while the design allows for a tighter turning radius, making it suitable for diverse urban applications. Businesses can benefit from the truck's powerful acceleration and maneuverability in crowded environments, making it an ideal choice for delivery and service operations.

Founded in 2015 by Robert Bollinger, Bollinger Motors has its headquarters in Oak Park, Michigan, and is committed to revolutionizing the electric vehicle industry. Following its recent acquisition by Mullen Automotive, Bollinger is pushing forward with the production and sale of its Class 4 all-electric chassis cab truck. As the demand for electric commercial vehicles continues to rise, the Bollinger B4 stands at the forefront, ready to meet the needs of modern businesses while supporting a sustainable future.

Conclusion



With New York's upcoming incentives, August presents a golden opportunity for businesses to invest in electric commercial vehicles like the Bollinger B4. Not only can organizations reduce their carbon footprint, but they can also benefit from substantial savings through government programs designed to make the shift to electric more accessible. As the landscape shifts towards cleaner transportation, those who act swiftly will be the ones to reap the rewards of this evolving market.

Topics Auto & Transportation)

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