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Postal service plans to spend billions on EV chargers and roughly 66,000 new trucks Contract cancellation likely part of sweeping executive order on EVsTrump transition weighs plan to cancel USPS contracts to build large EV fleet
Dec 6 (Reuters) - Donald Trump’s transition team is considering canceling the U.S. Postal Service’s contracts to electrify its delivery fleet, as part of a broader suite of executive orders targeting electric vehicles, according to three sources familiar with the plans.
The move, which could be unveiled in the early days of Trump’s administration that begins on Jan. 20, is in line with Trump’s campaign promises to roll back President Joe Biden’s efforts to decarbonize U.S. transportation to fight climate change – an agenda Trump has said is unnecessary and potentially damaging to the economy.
Reuters has previously reported that Trump is planning to kill a $7,500 consumer tax credit for electric vehicle purchases, and plans to roll back Biden’s stricter fuel-efficiency standards.
The sources told Reuters that Trump’s transition team is now reviewing how it can unwind the postal service’s multibillion-dollar contracts, including with Oshkosh (OSK.N), and Ford (F.N) for tens of thousands of battery-driven delivery trucks and charging stations.
Oshkosh shares fell by roughly 5% to 105.65 per share after the Reuters report.
Gas prices are artificially created by OPEC… Although considering Trump is buddies with Russia and others, I could see him wanting an excuse to increase demand so they can sell more.
That control only exists as long as demand increases. They need oil revenue. Less demand means they need to increase supply to maintain revenue. Increased supply means prices fall. These are incredibly basic economic principles. Every EV sold decreases their control.
I guess I just didn’t see how whatever fraction of a percent of gas used by USPS vehicles is really going to impact a global market. Prices drop, people buy bigger cars, other countries slow changes as well, one more easy well gets permanently capped.
China’s EV market has probably been a way bigger shock to oil price than part of a percent of US gas use changing would be.