Knowing that these 165,000 USPS trucks will be on the roads for decades, it would really be a great move to make them electric considering the environmental impact and the shifting world views. On top of that, California is also handing out a lot of money to encourage the purchase of EVs. 40% reduction in greenhouse gases (GHG) by 2030.
This was truly a landmark ruling as no government in the world has a direct requirement for electric trucks. Basically, for a long time, California has had much stricter emission regulations than the rest of the country, and car makers have just resorted to following these regulations in all of US because it would be costly to manufacture different vehicles for California and the rest of US. A shift towards electric trucks will start much sooner though as the Advanced Clean Trucks rule requires truck manufacturers to sell an increasing share of electric trucks each year.Īll manufacturers must sell electric trucks by 2024, and by 2035, zero-emission trucks should account for 55% of medium-duty sales (pickups included) and 75% of heavy-duty vehicles.Īnd if you know anything about emission standards of vehicles in the US, California has a huge say in the whole of US because of their shear size and power.
If Workhorse wins the bid, it could be a huge catalyst for Workhorse stock.īut not to forget, if they don’t win, Workhorse stock could plummet.Īs I said, Workhorse is the only EV player competing for the USPS deal.Īnd environmental regulations are tightening! Just in June 2020, the state of California unanimously passed a landmark ruling requiring all new trucks sold from 2045 to be electric. The bid ended on July 14, and the results are expected to come out some time in September 2020…but maybe earlier?
It’s also the only fully electric player in the mix – and that is important because it makes the trucks cheaper to run. The USPS program could award up to $6.3 billion in contracts to one or multiple bidders, and is an opportunity for Workhorse to construct 165,000 new mail trucks. (Not to be confused with UPS which is a parcel delivery company on the stock market that Workhorse is already working with.) USPS conducted a bid to renew their huge fleet of aging mail trucks and Workhorse is still in the mix. Ok, so what’s all the suspense about? And why are some investors hoping the stock price will double or even triple next month (or even sooner)?Īs I wrote in the Workhorse overview post, Workhorse is one of the only three finalists bidding for a gigantic contract with USPS (The US Postal Service). Oh and yes, I own Workhorse stock, so I’m biased. This story really has it all – Trump, the 2020 US presidential election, corruption and manipulation at the highest level… I’m not advising you to buy, sell or hold the stock, just giving you all the information – knowledge is power! Things are getting more and more interesting by the day, so I decided to give you an in-depth overview of why investors are so restlessly looking forward to ONE SINGLE announcement, hoping Workhorse stock would double, triple or quadruple in the next month or so – that is IF we get the right news. And some investors are expecting the stock to
Workhorse is a US electric vehicle company that could be used as a political powerplay by Trump to secure votes in the US 2020 Presidential Election. Let’s talk about the chances of Workhorse winning the $6 billion USPS contract and what the hell is going on.Ĭan we make an educated guess on whether Workhorse will get the contract?ĭon’t know enough about Workhorse? Read my in-depth review of Workhorse’s business that I wrote just last week.
0 kommentar(er)
