Oshkosh Defense wins 10-year contract agreement to build next-gen U.S. Postal delivery vehicle

In a significant development, the U.S. Postal Service (USPS) stated, it will award a multibillion-dollar, ten-year contract agreement to Oshkosh Defense to manufacture a new generation of postal delivery vehicles. Under the initial $482 million investment, Oshkosh Defense, a unit of Oshkosh Corp, will finalize the production design, testing and vehicle tooling required prior to…

Japan considering support for electric vehicles, policy to be released later this month

On Thursday, during a news conference, Katsunobu Kato, Japan’s chief spokesman for the government stated, the trade ministry is weighing options to support a shift to electric-powered vehicles and will map out a plan by the end of this year. Japan plans on stopping the sale of new gasoline powered cars by mid-2030s in favour…

China’s electric vehicle policy will make it global automotive powerhouse

With Beijing’s policymakers and regulators intent on transitioning from fossil fuel powered vehicles to more electric vehicles, China is set to become the automotive powerhouses in the world. In a development aimed at accelerating the adoption of electric vehicles, automakers from across the globe are planning a $300 billion surge in their spending on electric…