UPS (NYSE:UPS) today announced the deployment of 100 fully electric commercial vehicles that will be delivering packages around the state. Today’s announcement will help implement Governor Jerry Brown’s Executive Order to achieve widespread deployment of zero emission vehicles throughout California.
“These all-electric vehicles remind us that California continues to be a dynamic center of innovation,” said Governor Brown. “These trucks were built here, they’ll be driven here and they’re already changing the way business is done here – cutting emissions and eliminating the need for tanker trucks worth of fossil fuels.”
These UPS electric trucks will reduce the consumption of conventional motor fuel by approximately 126,000 gallons per year. Additional benefits include reduction of carbon emissions and noise. The vehicles have a range of up to 75 miles and primarily will deliver packages to customers in Sacramento, San Bernardino, Ceres, Fresno and Bakersfield.
“We currently operate more than 2,500 alternative fuel vehicles worldwide with a variety of hybrid, electric and natural gas technologies, making UPS the leader in logistics sustainability,” said Myron Gray, president of U.S. operations for UPS. “We use our technology and logistics expertise to reduce emissions around the world and help test new automotive technologies.”The partners responsible for making this project a success include the Governor’s Office of Business and Economic Development, California Air Resources Board, California Energy Commission, U.S. Environmental Protection Agency, South Coast Air Quality Management District, San Joaquin Air Pollution Control District and Sacramento Air Quality Management District. “EPA's funding of these electric delivery trucks highlights our commitment to the rapid deployment of electric vehicles as a means of cleaning the air, creating jobs and spurring innovation,” said Jared Blumenfeld, EPA’s Regional Administrator for the Pacific Southwest. “California's communities will benefit from both the local manufacturing of these UPS electric trucks and from the resulting elimination of harmful diesel emissions.”
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV