Bollinger Motors’ B4 chassis cab EV gets IRS approval for up to $40,000 in federal tax credits
Two years after pivoting its business strategy toward the development of commercial EVs, Bollinger Motors has earned IRS approval for federal tax credits under the Inflation Reduction Act, offering fleet customers potential tax credits up to 40,000 per vehicle.
Bollinger Motors is an American EV startup celebrating ten years of operations that began with two passenger EV models – the B1 SUV and a pickup version called the B2, which reached the production-intent design phase in late 2020.
Following struggles in funding and reaching scaled production that plagues many startups, Bollinger announced it was shelving B1 and B2 development in January 2022 to focus on the commercial EV segment, quickly shifting over to Class 3 walk-in vans and beyond.
Six months later, Mullen, a fellow EV startup and commercial EV developer in its own right, announced it had taken a majority stake in Bollinger Motors, vowing to bring the B1 and B2 vehicles to market while keeping the fleet vehicle development going.
By July of 2023, Bollinger had validation builds of its B4 Chassis Cab ahead of 2024 deliveries, while Mullen began receiving IRS approval for federal EV tax credits for its own commercial vehicles like its Class 3 trucks and Class 1 vans.
Today, Bollinger has followed suit and received its own IRS certification.
Bollinger B4 qualifies for commercial EV federal tax credit
Per Bollinger Motors, customers of the modular B4 Chassis Cab can now officially obtain EV tax credits as it is approved as a qualified commercial clean vehicle under the terms outlined in 2022’s Inflation Reduction Act.
Under section 45W of the Internal Revenue Code (IRC), business and tax-exempt organizations can qualify for the clean vehicle tax credit of up to $40,000 per vehicle when they buy an approved EV such as the Bollinger B4. The credit applies to the lesser of these two purchase terms:
- 15% of the purchaser’s basis in the vehicle (30% if the vehicle is not powered by gas or diesel)
- The incremental cost of the vehicle versus a comparable vehicle with a gas or diesel engine
Bollinger states that as an all-electric commercial vehicle with a gross vehicle weight rating of 15,000 pounds, it is expected to qualify for the full $40,000 tax credit. Company founder and CEO Robert Bollinger spoke:
Bollinger Motors is poised for growth and we’re ready to help electrify America’s fleets. These tax credits are an important incentive for our customers to replace their gas and diesel trucks and lower their total cost of ownership.
Bollinger expects B4 EV deliveries to make their way to initial customers in the second half of 2024.
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Isuzu is giving Red Bull electrified wings – the iconic drinks company is officially the first to put the production version of its new-for-2025 Isuzu NRR-EV medium duty electric box truck to work in North America.
Deployed by Red Bull North America, these first-ever customer Isuzu NRR-EV medium duty trucks are busy delivering cans of Red Bull products throughout Southern California with zero tailpipe emissions, marking the first time the best-selling low-cab/cabover box truck brand in the US can make such a claim.
“Today marks a major milestone for the industry and for us. Watching the NRR-EV evolve from a concept to a viable operating product is a big deal,” explains Shaun Skinner, President of Isuzu Commercial Truck of America. “Our teams and our clients have put so much time and effort into making this happen, and it speaks to our teamwork and dedication to more sustainable transportation solutions. It is no longer just a plan, we have zero-emission trucks serving our customers’ needs!”
The NRR-EV is available with a number of different battery configurations, ranging from three 20 kWh battery packs (60 kWh total) up to nine 20 kWh battery packs, with five and seven pack options in between. The nine-pack version is good for up to 235 miles of range with a 19,500 lb. GVWR. The batteries, regardless of configuration, send power to a 150 kW (200 hp) electric motor with 380 lb-ft. of torque available at 0 rpm.
For “Red Bull” duty, the Isuzu trucks ship with a 100 kWh total battery capacity, and are fitted a lightweight, all-aluminum 6-bay beverage body, the vehicle’s design maintains its cargo capacity. The NRR-EV’s 19,500 lb. GVWR (Class 5) chassis, combined with the lightweight body and “big enough” battery spec provides Red Bull’s delivery drivers a hefty, 9,000 lb. payload.
Isuzu began assembling NRR-EV trucks at its Charlotte, Michigan assembly plant in August 2024. Customer deliveries are set to begin nationally in Q1 of 2025.
Electrek’s Take
Isuzu’s N-series trucks are everywhere – and for good reason. They’re dependable, they’re affordable, and they have a nationwide network of GM dealers supporting them. I am a huge fan of these trucks, and can’t wait to sample the electric version from behind the wheel.
SOURCE | IMAGES: Isuzu.
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Hyundai is gearing up to launch its first all-electric minivan. Production is set to begin next year, and the EV minivan is expected to play a key role in its global expansion. Here’s what to expect.
Hyundai will launch its first EV minivan in 2025
The Staria is Hyundai’s successor to the Starex, its multi-purpose vehicle (MPV), launched in 2021. Like its replacement, the Staria is offered in a minivan, minibus, van, pickup, and several other configurations like limousines and ambulances.
Although the Staria was launched with only diesel and gas-powered powertrain options, Hyundai added its first hybrid model in February.
Hyundai will introduce the Staria Electric, its first electric minivan, next year. In March, Hyundai unveiled its new ST1 electric business van, which is based on the Staria. However, the minivan will get its own EV model in 2025. The ST1 is Hyundai’s first commercial EV. It’s available in refrigerated van and basic chassis cab options.
Hyundai is already building gas-powered and hybrid Staria models at its Ulsan plant in Korea, but it is preparing to begin producing the EV version.
According to the Korean media outlet Newsis, sources close to the matter on Friday said Hyundai will begin converting a production line (Line 1) at its Ulsan Plant 4 for Staria Electric around January 25, 2024.
The expansion is part of Hyundai’s broader plan to introduce 21 electric vehicles by 2030, accounting for over 2 million in sales.
A report from The Korean Economic Daily in June claimed Hyundai would expand Staria EV production into Europe starting in the first half of 2026. European-made models will be sold domestically and overseas, like in Australia and Thailand. Hyundai aims to sell 15,000 to 20,000 of the EV model annually.
The Staria Electric will be powered by Hyundai’s fourth-generation 84 kWh EV batteries and will have over 10% more capacity than the ST1.
Hyundai sold 37,769 Starias through the first 11 months of 2024. Last year, Hyundai Staria sales reached 39,780, including domestic and export sales. By the end of the year, Staria sales are expected to exceed 40,000 for the first time.
Hyundai’s sister company also has big plans to expand its commercial business with a new lineup of EVs based on its PBV (Platform Beyond Vehicle). Its first electric van, the PV5, was spotted earlier this year as a potential Volkswagen ID.Buzz challenger.
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