FedEx Calls for Tax Credits for Electric Vehicles

FedEx Corp. has joined utilities, vehicle manufacturers and other companies in pushing for a tax credit for fleets that buy electric vehicles, Bloomberg reported.

FedEx CEO Fred Smith spoke at a news conference in Washington Monday, saying electric-vehicle use is “the single most important initiative” to reduce U.S. reliance on imported oil.

Smith is a member of the Electrification Coalition, a group of 21 executives pushing for the credit and to extend a tax credit for electric vehicle charging stations, Bloomberg said.

Rep. Ed Markey (D-Mass.) said at the news conference that he “would almost guarantee” a tax credit within two years.

Coalition members include Pacific Gas and Electric Co.,  Nissan Motor Co. and Siemens AG.