While the HVIP program is currently withholding additional voucher requests until Fall 2020, WKHS will remain on the eligible vehicle list until additional funding has been designated for the program. WKHS’s 2020 model C1000 Standard Range (4-pack), C650 Extended Range (4-pack) and C650 Standard Range (2-pack) battery electric step vans are eligible for monetary vouchers of up to $50,000 per vehicle. July 14- Ryder begins offering the C-Series WKHS all-electric step van through the company’s ChoiceLease and SelectCare product lines, as well as for short-term rentals on COOP by Ryder. WKHS has more electric delivery vehicles on the road than any other company. In late June, WKHS successfully completed Federal Motor Vehicle Safety Standards (FMVSS) testing for its C650 and C1000 all-electric delivery vans Vehicles permitted into the HVIP program are eligible for monetary vouchers to reduce total cost for the purchaser. The executive order also clears the war for the C-series to be considered for the California Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project. The executive order, given to vehicle manufacturers who meet specific emissions standards in compliance with CARB regulations, also designated WKHS as the first and only medium-duty battery electric OEM to receive approvals from both the EPA as well as CARB. WKHS received certification from California Air Resources Board (CARB) as zero-emission vehicles in the State of California. WKHS can sell its zero-emission C-Series electric delivery vans in all 50 states after a California ruling buttressed a federal finding in the company’s favor. WKHS is the only All-American and only EV option = American jobs and more support for Trump from Ohio. Ohio is a swing state and Trump wants that win. He wants it to succeed not only is it good for jobs, but this is an election year: it is good for his reelection campaign. When GM closed its Lordstown facility, it angered the Pres. Trump has high interest in keeping jobs in the United States. LM also agreed to prepay a portion of the license fee in an amount equal to 1% of the aggregate debt and equity commitment the company intends to raise. Also WKHS will receive a license fee equal to 1% of the gross sale price for each LM truck sold, up to the first 200,00 units. LM will build electric pickups that were originally the idea of WKHS. Lordstown Motors (LM) located in Ohio is a company created by WKHS former CEO. 7969 "to authorize funding for the purchase of electric or zero-emission vehicles for United States Postal Service fleet, and for other purposes").ġ,100 vehicles have been ordered from WKHS recently by UPS and DHL Additional bills remain to be taken up for vote ( H.R. After 100 days, they passed another USPS bill to fund the post office amid COVID19 (H.R. The democrat-controlled House in other words, wants WKHS. The House of Representatives passed a recent infrastructure bill ( CARES ACT) that specifically outlined money allocated to USPS for electric vehicles. USPS’ original Request For Prototype specifications stated they would lean towards American-made. WKHS has partnered with Ryder who will provide warranty and maintenance services to their entire electric vehicle fleet in North America. WKHS has already sold to United Parcel Service (UPS), FedEx, DHL, Ryder and others…all major competitors of USPS. Though they likely got no response from anyone but Workhorse as the specs seem to specify the Horsefly without naming it. ![]() We know the USPS is interested in Residential Delivery Drones because they put out an RFI for them last September. It is also a leading competitor in drone delivery to Amazon (AMZN). WKHS has a patent on vehicle-mounted drone delivery ( Horsefly). WKHS is the only all-Electric solutionof the final contenders. The contract is to replace their fleet of mail trucks/vans worth $6-8 Billion. WKHS is one of three (Mahindra dropped out) possible options bidding to be the USPS’ next mail truck manufacturer. Facebook: Lordstown Motors Shareholders DPHC.Facebook: WorkHorse WKHS Stock Investors & Traders.My research on Workhorse Group (WKHS) and why I believe they will get the contract from the United States Postal Service (USPS).
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