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At a brief glance from a speculator’s point of view, Workhorse Group (WKHS) might seem like one of the bargains of the decade. For one thing, the company specializes in the ultra-relevant and burgeoning industry of electric vehicles. Not only that, Workhorse specifically targets the last-mile problem with its commercial fleet vehicles.
To quickly recap, the last-mile problem refers to the final and most difficult leg of a parcel’s journey: actually delivering it to the receiver (customer). Because of the expenses involved – especially with stop-and-go urban driving – it can be taxing on the bottom line. However, EVs may better address this problem, in part because their distinct properties enable far higher efficiency in city driving.
