United Parcel Service Inc. said Thursday it is planning to deploy 50 plug-in electric delivery trucks that will provide almost 400% fuel efficiency improvement. The company said it is working with Workhorse Group Inc. to design the trucks with zero tailpipe emissions. The news sent Workhorse shares up 17% premarket. “Electric vehicle technology is rapidly improving with battery, charging and smart grid advances that allow us to specify our delivery vehicles to eliminate emissions, noise and dependence on diesel and gasoline,” said Carlton Rose, president of global fleet maintenance and engineering for UPS. The trucks will be tested in urban areas, including Atlanta, Dallas and Los Angeles and UPS is aiming to deploy a larger fleet in 2019. UPS shares gained about 1% in early trade, and are down 0.2% in the last 12 months, while the S&P 500 has gained 14%.
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