Skip to main content

Market Overview

Major U.S. Cities Looking To Buy 114,000 Electric Vehicles

Share:

Some of the biggest American cities want to purchase more than 100,000 electric vehicles for city workers, including police forces.

According to a Bloomberg report, 30 cities across the country are joining forces and asked major automakers for the cost and feasibility of supplying 114,000 electric vehicles. The effort is being spearhead by Los Angeles' Mayor Eric Garcetti, who wants to prove that there is demand for low-emission vehicles.

The initiative is still in its early stages and none of the cities have actually placed any orders for cars. Cities are asking automakers for information on vehicles that don't actually exist, such as electric fire engines.

The joint effort from the 30 cities could prove to be quite notable since automakers delivered just 160,000 plug-in cars throughout 2016. Nearly 40 automakers, truck makers, bus makers and other manufacturers have responded to the cities' request so far.

Sending A Message To Washington

Bloomberg noted the American cities want to play a bigger role in lowering the collective carbon footprint, but also want to send a message to President Trump whose policy on climate change may contrast those of President Obama.

Trip Chowdhry of Global Equities Research, one of the most outspoken Tesla Inc (NASDAQ: TSLA) analysts, argues Trump is very much in favor of reducing and eliminating pollution but doesn't necessarily believe in the concept of man-made climate change.

"No matter what President Trump does or what happens in Washington, cities will continue leading the way on tackling climate change," Matt Petersen, Los Angeles chief sustainability officer, told Bloomberg in a statement.

See Also:

7 Things Americans Spend More On Than Climate Protection Under The EPA's New Budget Proposal

Electric Vehicle News That Might Be Negative For Tesla

 

Related Articles (TSLA)

View Comments and Join the Discussion!

Posted-In: climate change Donald Trump electric vehicles Eric Garcetti Trip ChowdhryTech Media

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com