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US Postal Service chief defends plan to buy rising number of EVs

by
December 10, 2024
in Investing
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US Postal Service chief defends plan to buy rising number of EVs

WASHINGTON (Reuters) – U.S. Postmaster General Louis DeJoy defended the agency’s plan to buy a rising number of electric delivery vehicles.

In 2023, Congress gave USPS $3 billion as part of a $430 billion climate bill to buy EVs and charging infrastructure. It plans to buy some 66,000 electric vehicles by 2028. DeJoy said at a U.S. House hearing Tuesday the EV purchase plan works for USPS and added the zero-emission vehicles have operational cost benefits.

DeJoy said USPS bought 28,000 vehicles this year — and 22,000 were gas-powered. He said purchases in 2025 will be around “50-50” EVs and gas-powered. (This story has been refiled to change 2024 to 2025 in paragraph 3)

This post appeared first on investing.com
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