Why Is Workhorse (WKHS) Stock 16% Today? Source: Photo from WorkHorse.com Workhorse (NASDAQ: WKHS ) stock is on the rise Wednesday as investors react to reports that the U.S. Postal Service (USPS) wants to buy more electric vehicles (EVs). According to these reports, the USPS wants to replace its aging fleet of postal trucks with new ones from an EV company. This has is looking to purchase 25,000 EVs , which is over twice what it was previously expecting. However, there’s no talk about it acquiring these EVs from Workhorse. Instead, the USPS plans to get its new fleet of delivery vehicles from Oshkosh (NYSE: OSK ). Even so, WKSH stock is on the rise today. It’s worth noting that Workhorse was previously seeking a contract to supply the USPS with EVs. However, that opportunity never came to pass as the organization chose Oshkosh over it. 7 Best AI Stocks to Buy Now It seems news of the EV orders from USPS has investors hoping a deal with Workhorse may still be on the table. There’s no official word saying this is the case, but that isn’t stopping interest in WKHS stock from rising today.