Trump transition weighs plan to cancel USPS contracts to build large EV fleet
Postal service plans to spend billions on EV chargers and roughly 66,000 new trucks
Contract cancellation likely part of sweeping executive order on EVs
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.
You’re assuming trump intends to keep the USPS. He wants to destroy/privatise it. He said so all the way back in 2021, but at the time, didn’t have a mandate to actually accomplish it.
His cronies stand to make billions if the USPS is dismantled and all mail and shipping can go through their companies instead.
The way he talked about Putin making Obama look dumb... he thinks that when you act like an asshole and tear down what someone built that it makes the other person look bad.
Those trucks get like six miles to the gallon, they're a massive liability on American finances. If the average price of gas changes by a cent that's something like nearly a million dollars difference. This isn't maximizing profit, this is just being petty to own the libs.