FedEx CEO Fred Smith has an interesting opinion piece in Fortune today calling on
Congress to quit stalling and pass a bill promoting electric vehicles.
“I am not someone who tends to advocate increased government involvement in the private sector. But there is no free market for oil. This is not a market issue — it is a national security issue,” Smith writes.
With oil pushing $100 a barrel and gasoline prices up substantially from a year ago, now would be a good time for Congress to take this issue seriously.
There’s always hope, but I won’t hold my breath. Congress isn’t exactly known for being reasonable.
Read Smith’s commentary: FedEx CEO: Let’s end our need for oil
Photo: FedEx all-electric delivery truck. (FedEx)