Workhorse price target4/3/2023 And there is a precedent for a rapid shift toward electric delivery trucks. Various studies have shown that falling battery prices and lower maintenance costs have made electric trucks increasingly competitive with conventional ones. “But we’re happy to talk with the administration and with this Congress.” Trump whose decisions - particularly about mail handling during the 2020 election - have made him a political lightning rod. DeJoy, an appointee of former President Donald J. “We don’t have the three or four extra billion dollars in our plan right now that it would take to do it,” said Mr. In response to questioning at a House Oversight and Reform Committee hearing on Wednesday, the postmaster general, Louis DeJoy, said the agency’s plan called for 10 percent of its new trucks to be electric.Īsked by Representative Jackie Speier, a California Democrat, why that figure was not 90 percent, Mr. The new vehicles will be equipped with either fuel-efficient gasoline engines or electric batteries, and they will be retrofitted to keep pace with advances in electric-vehicle technology, the Postal Service said.īut that rollout could be limited. The choice of Oshkosh left open the possibility of some electrification. The choices came down to Workhorse a Turkey-based company with a plug-in-hybrid design and Oshkosh, which proposed a vehicle with a gasoline engine. President Biden’s commitment last month to move quickly to electrify the entire federal fleet as part of a wide-ranging climate agenda had added to expectations that the Postal Service would pick a manufacturer that would deliver battery-powered vehicles from the outset. The decision on the future of America’s postal delivery trucks and other vehicles - one of the world’s largest civilian vehicle fleets - had been seen by proponents as an opportunity to kick-start a wider shift toward electrifying commercial and government fleets across the country, a critical step toward reducing the transportation sector’s large carbon footprint. “Coming away with nothing is a surprise.” “We had anticipated Workhorse would play a role, especially given the administration’s stance around government fleets being zero-emission,” Mr. Jeffrey Osborne, an analyst at Cowen & Company who follows Workhorse, said he was shocked that the company wasn’t given part of the contract.
0 Comments
Leave a Reply.AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |