Ford Electric Delivery Vehicles Shown Off By USPS — Postal Fleet To Comprise Of 66,000 EVs By 2028
Portfolio Pulse from Anan Ashraf
The USPS showcased its new fleet of electric delivery vehicles from Ford Motor Co at the South Atlanta Sorting and Delivery Center. The USPS plans to procure 21,000 EVs, including 9,250 from Ford, to achieve a target of 66,000 EVs by 2028. The Ford EVs have three times the capacity of current vehicles and will start operations in Georgia. Siemens, Rexel/Chargepoint, and Blink will supply the first 14,000 EV chargers for USPS's new sorting and delivery centers.

January 24, 2024 | 7:22 am
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Ford Motor Co is supplying 9,250 electric delivery vehicles to USPS as part of a larger 21,000 EV procurement plan, indicating a significant partnership and potential increase in Ford's EV sales.
The news directly involves Ford Motor Co as the supplier of a substantial number of EVs to USPS, which is likely to have a positive impact on the company's revenue from its EV segment. The deal reflects Ford's growing presence in the EV market and its alignment with government sustainability goals, which could positively influence investor sentiment and stock price in the short term.
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IMPORTANCE 70
RELEVANCE 80