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

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 reports that this is part of a push by New York City to switch to a full-electric fleet. The $12.36 million dollar contract hasn’t been confirmed, Bloomberg says, and officials will discuss it in detail soon.

With a 9,000-strong fleet and nearly 36,000 uniformed officers, the NYPD is America’s largest police department. Electrifying a large portion of the department’s police cruisers will go a long way in helping New York City achieve its goal of eliminating carbon emissions in the transportation sector. The batch of electric cars is also expected to reduce the NYPD’s fleet operational costs since EVs tend to cost less to refuel and maintain thanks to cheaper electricity costs and fewer moving parts.

This deal may also spell trouble for Ford, which has been outfitting vehicles for police work since 1950 and has cornered one-half of the police vehicle market. In July, the NYPD bought a Model 3 worth $47,740 for its highway patrol division, with the department stating on procurement papers that the EV had been optimized for highway patrol operations.

At the start of this year, the Hastings-on-Hudson Police Department announced that it had purchased and received a Tesla Model Y police vehicle in December 2020. The announcement was met with criticism from social media users who felt buying a luxury electric car with taxpayer money was excessive and wasteful.

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