• 3 minutes e-car sales collapse
  • 7 minutes Energy Armageddon
  • 11 minutes Russia Says Europe Will Struggle To Replace Its Oil Products
  • 1 day Gazprom and Rosneft super result
  • 17 days How Many Wells From 1 Onshore Rig?

Biden To Replace Federal Fleet With EVs

President Joe Biden has vowed to replace the almost 650,000-strong federal vehicle fleet with electric cars as part of his climate agenda.

“The federal government also owns an enormous fleet of vehicles, which we’re going to replace with clean electric vehicles made right here in America made by American workers,” the President said on Monday, as quoted by Reuters.

“The current offerings are pretty slim, but the industry’s about to unleash an avalanche of new product, and a lot of it built in North America,” Kristin Dziczek, Automotive Research VP of industry, labor and economics at the Center for Automotive Research, told CNBC. “Just about every U.S. plant is going to have a hybrid or electric product.”

TechCrunch’s Kristen Korosec noted that the pledge is part of a broader effort from the new administration to create 1 million new jobs in the carm manufacturing industry and supply chain.

All U.S. carmakers have ambitious EV programs, not to mention the many EV startups jumping on the climate change bandwagon with a variety of models, most of them at the prototype stage.

GM, for instance, plans to have 30 electric models by 2025. The total investment, including spending on autonomous models, will come in at $27 billion. Ford is also pouring billions—$11.5 billion by 2022 to be precise—in EVs, betting on electric versions of its most well-known and popular models such as the Transit and the F-150.

CNBC noted that the President failed to provide a timeline for the shift from gasoline vehicles to EVs and whether the plan included plug-in hybrids. It might take a while, the report noted, as EVs are more expensive than ICE cars.

Reuters reported that as of 2019, the U.S. federal fleet consumed 375 million gallons of fuel, as per data from the General Services Administration. The 645,000-car fleet cost the government $4.4 billion during that year.


By Irina Slav for Oilprice.com

More Top Reads From Oilprice.com:

Join the discussion | Back to homepage

Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News