Postal Service's Bright move for environmental vehicles



WASHINGTON DC // The US Postal service has teamed up with electric vehicle manufacturer Bright Automotive in its bid to run a more environmentally friendly fleet. There are 142,000 US Postal Service vehicles on the road but the USPS has not yet set any targets or deadlines for EVs. Bright's project with the USPS will trial the retrofit of mail delivery vehicles with an electric drivetrain on the streets of Washington DC. The USPS is also working with AutoPort, a car conversion centre, and AC Propulsion, an EV developer to test a truck in Washington DC. But an application to the US Department of Energy by Bright for funding into further EV research has not yet been approved. The US$25 billion Advanced Technology Vehicles Manufacturing loan programme has already granted $8 billion for Tesla Motors, Nissan and Ford last year, as well as another $1.4 billion for Nissan in January.

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Six pitfalls to avoid when trading company stocks

Following fashion

Investing is cyclical, buying last year's winners often means holding this year's losers.

Losing your balance

You end up with too much exposure to an individual company or sector that has taken your fancy.

Being over active

If you chop and change your portfolio too often, dealing charges will eat up your gains.

Running your losers

Investors hate admitting mistakes and hold onto bad stocks hoping they will come good.

Selling in a panic

If you sell up when the market drops, you have locked yourself out of the recovery.

Timing the market

Even the best investor in the world cannot consistently call market movements.

Skewed figures

In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458. 

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