USPS or the U.S. Postal Service announced on Thursday, March 24, that it would be investing $2.98 billion for its first order for 50,000 units of advanced delivery vehicles. From its initial plan, it will also be doubling the number of its electric vehicle orders from 5,000 to 10,019 units.
According to Reuters, USPS' Postmaster Louis DeJoy said that the orders were made based on the postal agency's ongoing efforts for rehabilitation and aim of improving outlook. With its goals, the executives decided that raising the number for the EV purchase makes good sense from the operational and financial point of view.
Previously, DeJoy pledged to buy at least 10% electric vehicles as part of USPS' multibillion-dollar scheme to withdraw its 30-year-old delivery vehicles. Last year, the USPS said it signed an initial contract for Oshkosh Corporation worth $482 million.
At that time, it said that it may place an order for up to 165,000 vehicles in the span of 10 years. The entire deal has been estimated to reach around $6 billion or more. Afterward, the independent postal service agency turned down a proposal from the White House and the Environmental Protection Agency (US EPA) to reconsider its plans of purchasing mostly gasoline-powered vehicles, and a new hearing was held for this issue.
In any case, USPS shared that it is expecting the new vehicles to arrive soon and start to be deployed for deliveries on the usual routes by the last quarter of 2023. The modern and upgraded rides will replace the older vehicles, especially those that have no air conditioning, airbags, and other safety fixtures.
"We are pleased to be moving forward with this much-needed investment in our fleet. Since I came on board a year and a half ago, we have continuously evaluated and adjusted our vehicle purchase strategy based on our future network initiatives, ongoing review of BEV application to our operational strategy, and our financial outlook as we undertake our ongoing implementation of the Delivering for America plan," Louis Dejoy, USPS chief executive officer and Postmaster General, said in a press release.


Singapore's Non-Oil Domestic Exports Surge 15.3% in March 2026 on AI Demand
Strait of Hormuz Oil Shipments Resume Amid U.S.-Iran War Tensions
Pentagon Taps Auto Giants to Supercharge U.S. Weapons Production
China's Economy Surpasses Q1 2026 Growth Forecasts
China's Economy Shows Resilience Amid Global Headwinds in March
Anthropic Nears $800 Billion Valuation as Investor Confidence Surges
Netflix Q2 Profit Warning Sends Shares Tumbling as Reed Hastings Exits
Tesla's Terafab: AI Chip Factory Eyes Taiwan's Semiconductor Talent
U.S.-Iran War Talks Resume Amid Economic Pressure and Ceasefire Uncertainty
ASML Raises 2026 Revenue Outlook as AI Chip Demand Surges
Asia Markets Rally on Iran Optimism, Strong U.S. Earnings
Federal Judge Dismisses DOJ Lawsuit Attempting to Block Hawaii's Climate Case Against Oil Giants
U.S. Crude Oil Exports Surge Toward Record Highs Amid Global Supply Crisis
DEEPX Partners with Hyundai to Power Next-Gen AI Robots Ahead of IPO
Iran War Drives Asia's Plastic Crisis — and a Green Packaging Boom
Asian Currencies Rally as Dollar Weakens Amid Iran Ceasefire Hopes
CSN's Cement Unit Sale Could Exceed $2 Billion as Global Giants Circle 



