US Postal Service announces $9.6B investment in new electric vehicle fleet while operating at a loss

  • 📰 FOX26Houston
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 53%

United States News News

United States United States Latest News,United States United States Headlines

The agency reported an adjusted loss of $473 million for fiscal year 2022 in November, following a one-time, non-cash benefit of $57 billion to net income from the Postal Service Reform Act.

The U.S. Postal Service Next Generation Delivery Vehicle is displayed during the Consumer Electronics Show on Jan. 5, 2022 in Las Vegas. on Tuesday announced billions of dollars in new spending to switch from gas-powered mail trucks to new electric vehicles within the next five years, furthering President Biden's green agenda. next generation of mail delivery trucks

, of which at least 66,000 will be battery electric vehicles. Included in that funding is $3 billion from the Inflation Reduction Act, which allocated a total of $369 billion toward climate and energy policies taken from Biden's Build Back Better plan. "The $3 billion provided by Congress has significantly reduced the risk associated with accelerating the implementation of a nationwide infrastructure necessary to electrify our delivery fleet," said Postmaster General Louis DeJoy.

The Postal Service said the new electric vehicles will begin to replace its aging delivery fleet of over 220,000 mail trucks. The funding will also be spent on constructing tens of thousands of charging stations. The agency hopes that by 2026 all its newly purchased mail delivery trucks

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 448. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

The Postal Service need to invest in how to make a profit and quit bleeding money.

Ballot Harvesting requires the USPS so they receive increased funding

elonmusk 🤝

Unbelievable!! SenateGOP

HOW MANY WILL CATCH ON FIRE?

That way the can quietly lose your mail.

Service still sux

The US Postal service was created by the US Government as a “service” to benefit the United States. It was not created to make a profit. It is essential to keep US commerce flowing, period.

How are we going to charge them all? Will the power grid support the charging? Where will the electricity come from? Is fossil fuel used to generate electricity? How much fossil fuel was used in the mining of the minerals for the batteries? ElectricVehicles are not green.

how about they invest in getting packages delivered in a timely manner

Privatize this government black hole!!

This is a decent place for an electric replacement. Not going to save any money at all but at least we are saving the world by eliminating the least polluting things first. 🤦‍♂️

But is the driver seat still on the right?

United States United States Latest News, United States United States Headlines