Workhorse Stock – Workhorse : U.S. House panel backs $8 billion to shift USPS to EVs
WASHINGTON, May 13 (Reuters) – The U.S. House Oversight and
Reform Committee on Thursday voted to authorize $8 billion to
quickly shift the U.S Postal Service (USPS) to an electric
vehicle delivery fleet.
USPS in February awarded a contract to Oshkosh Corp
that could be worth $6 billion to build a mix of up to 165,000
gas- and EV-powered delivery vehicles instead of choosing
Workhorse Group Inc to build an all-electric fleet. A
final decision on EV USPS funding is likely to be part of a
broader infrastructure plan under debate by Congress.
(Reporting by David Shepardson)