• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Stock

US government agencies fail to meet fleet EV targets, GAO report says

by December 17, 2024
written by December 17, 2024

By David Shepardson

WASHINGTON (Reuters) -U.S. government agencies failed to meet the Biden administration’s fleet electric vehicle purchase targets and bought more than four times as many gas-powered models, a Government Accountability Office report released on Tuesday said.

In the 2023 budget year, agencies bought 25,300 gas-powered vehicles and a total of 5,500 EVs and plug-in hybrids — 60% of 11 agencies’ combined target of 9,500, the report said.

President Joe Biden in December 2021 issued an executive order directing the government to end purchases of gas-powered vehicles by 2035 and mandating that all light-duty federal acquisitions by the end of 2027 be electric or plug-in hybrid vehicles.

The GAO said officials from nine of 11 selected agencies said meeting the EV targets “will largely depend on factors outside of the facilitating agencies’ control,” including the status of charging infrastructure and whether sufficient zero-emission vehicles are available for federal purchase.

In 2022, the General Services Administration estimated that the federal government might need over 100,000 charging ports to transition the federal fleet to zero-emission vehicles. But as of November, 10,500 charging ports had been activated nationwide by federal agencies, with installation of about 52,500 charging ports in process, the GAO said.

The GSA said government EV orders in 2023 were about 63% higher than in 2022, and in the first quarter of the 2024 budget year the government ordered 4,000 EVs, or nearly 30% of all cars and trucks. GSA EV orders include Tesla (NASDAQ:TSLA) Model Ys and Model 3s, Chevrolet Equinox EVs and Ford (NYSE:F) Mach-Es.

The GSA and the White House did not immediately comment.

Biden’s order covered about 380,000 federal vehicles. It does not cover vehicles of the U.S. Postal Service, which is an independent government entity. Last week, Postmaster General Louis DeJoy defended the Postal Service plan to buy some 66,000 electric vehicles by 2028 using $3 billion in funds from Congress to subsidize EV charging and vehicle purchases.

Reuters reported on Monday that President-elect Donald Trump’s transition team is recommending sweeping changes to cut off support for electric vehicles including eliminating requirements that federal agencies purchase EVs.

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
AI startup Basis raises $34 million for accounting automation ‘agent’
next post
Luigi Mangione indicted for murder in killing of UnitedHealth executive

You may also like

BASF results down on impairments, restructuring

January 27, 2025

European chipmakers slump as traders gauge DeepSeek AI...

January 27, 2025

Nasdaq futures tumble as China’s AI push rattles...

January 27, 2025

China Vanke’s CEO, chairman resign amid growing liquidity...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

Italy’s MPS shares fall ahead of Mediobanca board...

January 27, 2025

British Land stock drops following stake sale

January 27, 2025

UMG shares rally after new multi-year pact with...

January 27, 2025

BASF shares indicated 3% lower as impairments drag...

January 27, 2025

Ryanair cuts 2026 traffic forecast amid ongoing Boeing...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • ‘Shark Tank’ alum Bombas taps former Under Armour exec as CEO as it looks beyond digital roots

      May 16, 2025
    • Netflix says its ad tier now has 94 million monthly active users

      May 15, 2025
    • Dick’s Sporting Goods to buy struggling Foot Locker for $2.4 billion

      May 15, 2025
    • YouTube will stream NFL Week 1 game in Brazil for free

      May 15, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (464)
    • Stock (6,426)

    Latest News

    • ‘Shark Tank’ alum Bombas taps former Under Armour exec as CEO as it looks beyond digital roots
    • Netflix says its ad tier now has 94 million monthly active users

    Popular News

    • Amazon likely to face investigation under EU tech rules next year, sources say
    • Universal’s Epic Universe theme park set to open in May 2025

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy