December 19, 2024 | Postal Truck EV Fail – $3B Govt Waste

Governments are eager to spend your tax dollars on useless initiatives to save the planet from global warming. The Biden Administration spent BILLIONS on investing in EV infrastructure that never came to fruition. I spoke on how Biden approved of a $7.5 billion spending package to build EV charging stations throughout the nation, but only SEVEN were produced in over a two-year span. His most recent climate debacle that came to light rests on decarbonizing the Postal Service.

The government provided the Postal Service with funding to purchase 60,000 “Next Generation Delivery Vehicles” (NGDVs) from defense contractor Oshkosh. Oshkosh has never produced an electric truck and it is obvious why Biden avoided other more established EV manufacturers. Congress approved $3 billion to spend on this $10 billion project derived from the Inflation Reduction Act – the largest guise for climate spending in US history.

Out of that $3 BILLION, only 93 vehicles have been delivered since 2022.  Countless issues have been reported with these NGDVs from leaks to airbags. Worse, Oshkosh was never equipped to handle the production of 3,000 vehicles, and has stated that they have only been able to produce ONE truck per day. They are now working to refine their manufacturing to create 80 trucks per day. Again, there were other avenues and established factories.

Does anyone believe those small mail trucks are truly polluting the environment? Should the American people simply accept that they may not receive mail when the weather is less than ideal? “Neither snow nor rain nor heat nor gloom of night stays these couriers from the swift completion of their appointed rounds” unless forced to drive electric!

Martin Armstrong December 19th, 2024

Posted In: Armstrong Economics

Next: Could China’s Real Estate Woes Spread Here? »