UPS: Feds must help fund electric last-mile delivery - Freight Waves
Last-mile delivery and the electric vehicles it will take to fuel it will require a jump start from public money that should be included in the next infrastructure package, according to parcel delivery giant UPS (NYSE: UPS).
Speaking on a panel hosted by the U.S. Chamber of Commerce on Tuesday, Thomas Jensen, the company’s senior government relations executive, pointed out that while electrification has been touted extensively by the Biden administration, there have been few details on how the administration plans to pay for it.
However, Jensen said, “without question, the federal government is going to have to lead, and they’re going to have to lead as it relates to incentives and grants to encourage” electric vehicle infrastructure, he said.
Last-mile delivery and the electric vehicles it will take to fuel it will require a jump start from public money that should be included in the next infrastructure package, according to parcel delivery giant UPS (NYSE: UPS).
Speaking on a panel hosted by the U.S. Chamber of Commerce on Tuesday, Thomas Jensen, the company’s senior government relations executive, pointed out that while electrification has been touted extensively by the Biden administration, there have been few details on how the administration plans to pay for it.
However, Jensen said, “without question, the federal government is going to have to lead, and they’re going to have to lead as it relates to incentives and grants to encourage” electric vehicle infrastructure, he said.
