NYPD Considers Buying 250 Tesla Inc. (NASDAQ: TSLA) Vehicles

January 3, 2022 11:17:02

If Bloomberg is to be believed, the NYPD may have joined the growing number of police departments across the country that are considering adding electric vehicles (“EVs”) to their fleets. President Joe Biden recently announced via an executive order that the entire federal fleet is to be fully electrified over the next few decades, completely eliminating the purchase of new internal combustion cars by 2035. The order required that every federal agency with at least 20 cars develop a strategy to electrify their fleets and update it annually. Although this order doesn’t include state and city police departments, several of these entities also plan on incorporating EVs into their fleets.

For the New York Police Department, which runs a fleet of 9,000 vehicles, this reportedly involves Teslas. According to a Bloomberg report, the NYPD is mulling over a purchase of 250 Tesla (NASDAQ: TSLA) Model 3s at a cost of $12.36 million. This would come out to around $51,940 for each electric sedan, a copy of the procurement contract states. Bloomberg…


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