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Last-Mile Deliveries Could Soon Rely Heavily on Electric Vehicles

Although electric vehicles (“EVs”) are slated to replace fossil-fuel-powered vehicles over the next few decades, only a small percentage of higher-earning consumers are buying EVs. On top of range anxiety and insufficient public charging infrastructure, electric vehicles are just too expensive for the average driver. However, company fleets aren’t constrained by such issues, and they may just be the avenue needed to push electric vehicles into the forefront of vehicular transportation.

With the massive growth of e-commerce over the past decade, the nascent EV sector has been given a once-in-a-lifetime opportunity for expansion. E-commerce companies run massive fleets to deliver their products across the country, with Amazon, the largest online seller in the world, delivering millions of packages every year. The coronavirus pandemic and subsequent lockdowns showed just how handy the sector is, and the space is poised…

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NOTE TO INVESTORS: The latest news and updates relating to ev Transportation Services Inc. are available in the company’s newsroom at https://ibn.fm/EVTS

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