UPS And FedEx Confront Obstacles In Going Electric: Report
UPS And FedEx Confront Obstacles In Going Electric: Report
The shift to electric delivery vehicles by United Parcel Service Inc (NYSE:UPS) and FedEx Corp (NYSE:FDX) reportedly faces challenges amid U.S. supply uncertainties.
These companies are striving to replace their gas-powered vans to align with environmental goals.
The transition to electric vehicles (EVs) is crucial for U.S. President Joe Biden's climate objectives in transportation. However, hurdles include battery shortages and financial struggles among electric van startups, according to Reuters.
Both UPS and FedEx confront concerns about the sustainability of their electric van suppliers, with doubts lingering over their longevity in the industry, per the report.
Luke Wake, UPS's vice president of fleet maintenance and engineering, reportedly questions the viability of these companies in the long run.
Also Read: UPS Delivers Mixed Bag Of Q1 Results, Maintains Guidance Despite Lower Volumes
The package delivery giants are losing access to California incentives that help offset the high prices of EVs. This further complicates their efforts to transition to electric fleets, as they grapple with limited supply and high costs.
UPS remains committed to its 2016 plan of incorporating EVs and other eco-friendly vehicles into its fleet, including renewable natural gas (RNG) trucks. Meanwhile, FedEx explores options for integrating lower-emission trucks.
Several electric van manufacturers, including Arrival SA (OTC:ARVLF) and Lightning Emotors Inc (OTC:ZEVY), face financial difficulties, affecting their ability to supply vehicles to UPS and other clients.
Also Read: UPS Earnings Show The Weight Of $170,000 Compensation While It Learns To Navigate Shipping Slump
Changes in California's incentive program and potential EPA regulations could influence the adoption of electric step vans.
While incentives are changing, regulatory shifts may play a pivotal role in shaping the market.
Price Action: UPS shares closed higher by 0.53% at $147.39 on Thursday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Shutterstock
The shift to electric delivery vehicles by United Parcel Service Inc (NYSE:UPS) and FedEx Corp (NYSE:FDX) reportedly faces challenges amid U.S. supply uncertainties.
據報道，由於美國供應的不確定性，聯合包裹服務公司（紐約證券交易所代碼：UPS）和聯邦快遞公司（紐約證券交易所代碼：FDX）向電動送貨車輛的轉變面臨挑戰。
These companies are striving to replace their gas-powered vans to align with environmental goals.
這些公司正在努力更換汽油動力貨車，以實現環境目標。
The transition to electric vehicles (EVs) is crucial for U.S. President Joe Biden's climate objectives in transportation. However, hurdles include battery shortages and financial struggles among electric van startups, according to Reuters.
向電動汽車（EV）的過渡對於美國總統喬·拜登的交通氣候目標至關重要。但是，據路透社報道，障礙包括電池短缺和電動貨車初創公司的財務困境。
Both UPS and FedEx confront concerns about the sustainability of their electric van suppliers, with doubts lingering over their longevity in the industry, per the report.
報告稱，UPS和聯邦快遞都對電動貨車供應商的可持續性感到擔憂，人們對他們在該行業的壽命仍然存在疑問。
Luke Wake, UPS's vice president of fleet maintenance and engineering, reportedly questions the viability of these companies in the long run.
據報道，UPS負責機隊維護和工程的副總裁盧克·韋克質疑這些公司的長期生存能力。
Also Read: UPS Delivers Mixed Bag Of Q1 Results, Maintains Guidance Despite Lower Volumes
另請閱讀: UPS公佈的第一季度業績好壞參半，儘管銷量較低，但仍維持指導方針
The package delivery giants are losing access to California incentives that help offset the high prices of EVs. This further complicates their efforts to transition to electric fleets, as they grapple with limited supply and high costs.
包裹遞送巨頭正在失去獲得加州激勵措施的機會，這些激勵措施有助於抵消電動汽車的高昂價格。這使他們向電動車隊過渡的努力進一步複雜化，因爲他們正在努力應對有限的供應和高昂的成本。
UPS remains committed to its 2016 plan of incorporating EVs and other eco-friendly vehicles into its fleet, including renewable natural gas (RNG) trucks. Meanwhile, FedEx explores options for integrating lower-emission trucks.
UPS仍然致力於執行其2016年計劃，將電動汽車和其他環保車納入其車隊，包括可再生天然氣（RNG）卡車。同時，聯邦快遞正在探索整合低排放卡車的選項。
Several electric van manufacturers, including Arrival SA (OTC:ARVLF) and Lightning Emotors Inc (OTC:ZEVY), face financial difficulties, affecting their ability to supply vehicles to UPS and other clients.
包括Arrival SA（場外交易代碼：ARVLF）和Lightning Emotors Inc（場外交易代碼：ZEVY）在內的幾家電動貨車製造商面臨財務困難，影響了他們向UPS和其他客戶供應車輛的能力。
Also Read: UPS Earnings Show The Weight Of $170,000 Compensation While It Learns To Navigate Shipping Slump
另請閱讀: UPS在學會應對航運低迷的同時，收入顯示了17萬美元補償的重量
Changes in California's incentive program and potential EPA regulations could influence the adoption of electric step vans.
加州激勵計劃的變化和美國環保局的潛在法規可能會影響電動踏板車的採用。
While incentives are changing, regulatory shifts may play a pivotal role in shaping the market.
儘管激勵措施正在發生變化，但監管轉變可能在塑造市場方面發揮關鍵作用。
Price Action: UPS shares closed higher by 0.53% at $147.39 on Thursday.
價格走勢：週四，UPS股價收盤上漲0.53％，至147.39美元。
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
免責聲明: 該內容部分是在人工智能工具的幫助下製作的，並由Benzinga編輯審閱和發佈。
Photo via Shutterstock
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譯文內容由第三人軟體翻譯。
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