In its initial order for the next-generation delivery vehicle, the Postal Service surprised by ordering a mix of powertrains that includes 20% electric vehicles among the 50,000-vehicle order.
A U.S. Postal Service evaluation concluded that electric vehicles make sense for its next-generation delivery vehicle, but a short time frame and lack of funding require the deployment of gasoline-powered vehicles initially.
Workhorse Group has nothing significant driving its stock price higher, only retail traders seeking to make money if the price falls.
Seventeen Democratic House members introduced a bill to assure the Postal Service electrifies its delivery fleet. It could get Workhorse back in the game.
Workhorse expects a “prolonged process” in trying to wrest mail truck business from the U.S. Postal Service that contracted with defense contractor Oshkosh.
