Trump Transition Team Plans USPS Contract Review

Donald Trump's transition team is reportedly considering canceling contracts to electrify the U.S. Postal Service's delivery fleet as part of a broader strategy to roll back President Biden's climate policies. This move aligns with Trump's campaign promises and could include the cancellation of a $7,500 tax credit for electric vehicle purchases and the rollback of stricter fuel-efficiency standards. The Postal Service has plans to acquire around 66,000 electric vehicles, supported by a $3 billion allocation from Congress under a climate bill. Major contracts with Oshkosh Corp. and Ford for battery-driven delivery trucks and charging stations could be affected, although severing these contracts presents legal challenges due to the Postal Service's autonomous status. Both companies have not commented on the potential changes, but Oshkosh saw a decline in its stock value following the news. Trump's administration is expected to test the limits of executive power regarding federal contracts and climate initiatives.