financetom
Business
financetom
/
Business
/
US Postal Service chief defends plan to buy rising number of EVs
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US Postal Service chief defends plan to buy rising number of EVs
Dec 10, 2024 8:31 AM

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 2024 will be around "50-50" EVs and gas-powered.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Union Pacific expects revenue to grow faster than volumes over next three years
Union Pacific expects revenue to grow faster than volumes over next three years
Sep 26, 2024
Sept 19 (Reuters) - U.S. railroad Union Pacific ( UNP ) said on Thursday it expects its revenue to grow faster than volumes over the next three years, outpacing the market. In the filing released ahead of the company's investor day event, Union Pacific ( UNP ) forecast an earnings per share compound annual growth rate (EPS CAGR) in the...
Sector Update: Consumer
Sector Update: Consumer
Sep 26, 2024
01:33 PM EDT, 09/24/2024 (MT Newswires) -- Consumer stocks were mixed Tuesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) shedding 0.3% and the Consumer Discretionary Select Sector SPDR Fund (XLY) rising 0.5%. Redbook US same-store sales rose by 4.4% from a year earlier in the week ended Sept. 21, slower than a 4.6% year-over-year increase in the...
Foot Locker executive conducted insider trading after being fired, SEC says
Foot Locker executive conducted insider trading after being fired, SEC says
Sep 26, 2024
NEW YORK, Sept 24 (Reuters) - A former Foot Locker executive will pay $235,714 to settle U.S. Securities and Exchange Commission insider trading charges, including over a trade he made nine days after being laid off, the regulator said on Tuesday. Barry Siegel, who had been senior director of order planning management, agreed to the civil settlement after allegedly using...
What's Going On With ACADIA Pharmaceuticals Stock?
What's Going On With ACADIA Pharmaceuticals Stock?
Sep 26, 2024
ACADIA Pharmaceuticals Inc ( ACAD ) shares are trading lower by 4.11% to $15.62 during Tuesday’s session after the company appointed Catherine Owen Adams as CEO. What Happened: Acadia Pharmaceuticals ( ACAD ) announced that Catherine Owen Adams has succeeded Steve Davis as CEO and joined the board of directors. Acadia says Catherine brings extensive leadership experience from her roles...
Copyright 2023-2026 - www.financetom.com All Rights Reserved