09:58 AM EDT, 07/17/2024 (MT Newswires) -- Mullen Automotive ( MULN ) said Wednesday the Massachusetts Executive Office of Energy and Environmental Affairs' Department of Energy Resources has cleared its 2024 ONE electric cargo van for a cash voucher of up to $3,500 under the MOR-EV program.

The van has a manufacturer's suggested retail price, or MSRP, of $34,500, the company said.

The cash voucher combined with an available $7,500 federal tax credit would take the net effective cost of the ONE van to about $23,500, Mullen said.

The MOR-EV program is intended to make electric vehicles more affordable for residents and companies in Massachusetts to reach clean transportation goals and cut greenhouse gas emissions, Mullen said.

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