Investor Urges Amazon and USPS to Ditch Gas Trucks for Electric Vehicles
Investor Ross Gerber has called on Amazon.com Inc. (NASDAQ:AMZN) and the U.S. Postal Service (USPS) to transition to electric delivery trucks amid rising fuel costs. Gerber, co-founder of Gerber Kawasaki Wealth Management, praised FedEx Corp (NYSE:FDX) for its shift to electric vehicles (EVs) after a California-based company secured a 2,500-truck contract with the logistics giant. “Just great to see @FedEx going green,” Gerber said on X, adding that EV trucks made him “happy.”
Gerber urged Amazon and the USPS to phase out their gasoline-powered trucks, which he described as “dirty” and “expensive to operate.” While Amazon already operates over 40,000 custom electric delivery vans in the U.S., it still relies on some gas-powered vehicles for its fleet. Meanwhile, the USPS plans to modernize its fleet with at least 66,000 battery-electric delivery vehicles by 2028, as part of a contract with Oshkosh Corp (NYSE:OSK) and other commercial EV suppliers.
The USPS’s commitment to clean energy has faced political opposition, particularly from the Donald Trump administration, which rolled back state-backed EV incentives and relaxed fuel economy standards. However, Senate Parliamentarian Elizabeth McDonough previously ruled that Republican lawmakers cannot force the USPS to abandon its clean energy goals.