FedEx CEO Fred Smith – Highlights from his Keynote

• “Operating light duty electric trucks costs 75% – 80% less than comparable gas models”
• “There is a real chance for America to significantly reduce energy intensity, balance of payments, and transfer of wealth to foreign nations through the electrification of light duty trucks.”
• “We spend $65-80 billion to protect oil trades every year.”
• “There is light at the end of the tunnel, and that’s the first I’ve said in my business career about this.”