Updated:
11/15/2010 2:00:00 PM
FedEx Corp. has joined utilities, vehicle manufacturers and other companies in pushing for a tax credit for fleets that buy electric vehicles, Bloomberg reported.
FedEx CEO Fred Smith spoke at a news conference in Washington Monday, saying electric-vehicle use is “the single most important initiative� to reduce U.S. reliance on imported oil.
Smith is a member of the Electrification Coalition, a group of 21 executives pushing for the credit and to extend a tax credit for electric vehicle charging stations, Bloomberg said.
Rep. Ed Markey (D-Mass.) said at the news conference that he “would almost guarantee� a tax credit within two years.
Coalition members include Pacific Gas and Electric Co., Nissan Motor Co. and Siemens AG.
© 2010, Transport Topics Publishing Group. All rights reserved.
RELATED ARTICLES
FedEx Calls for Tax Credits for Electric Vehicles (11/15/2010 2:00:00 PM)
FedEx Expects 11% Gain in Holiday Package Volume (11/12/2010 10:30:00 AM)
Officials Want Security Review After Air Cargo Explosives Scare (11/8/2010 5:45:00 AM)
UPS’ Third-Quarter Net Income Soars 80% (10/25/2010 1:45:00 AM)
Preparations Under Way at UPS, FedEx for Holiday Surge in Shipping Demand (10/17/2010 5:45:00 AM)
iTECH: Connecting Technology to the Corporate Suite (10/12/2010 9:30:00 AM)
OTHER NEWS BRIEFS
