Amazon.com to invest over 1 billion euros
in European electric van, truck fleet
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[October 10, 2022]
By Nick Carey
LONDON (Reuters) - Amazon.com Inc said on
Monday it will invest more than 1 billion euros ($974.8 million) over
the next five years in electric vans, trucks and low-emission package
hubs across Europe, accelerating its drive to achieve net-zero carbon.
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![](../images/101022PIX/busine19.jpg)
The Amazon logo is seen outside its JFK8
distribution center in Staten Island, New York, U.S. November 25, 2020.
REUTERS/Brendan McDermid |
The
retailer said the investment was also aimed at spurring
innovation across the transportation industry and encouraging
more public charging infrastructure for electric vehicles (EVs).
The U.S. online retailer said the investment would help its
electric van fleet in Europe more than triple from 3,000
vehicles to more than 10,000 by 2025.
The company did not say what percentage of its European
last-mile delivery fleet is electric today, but said those 3,000
zero-emission vans delivered over 100 million packages in 2021.
Amazon said it also hopes to purchase more than 1,500 electric
heavy goods vehicles - used for "middle-mile" shipments to
package hubs - in the coming years.
Although a number of large logistics firms - including package
delivery companies United Parcel Service Inc and FedEx Corp -
have committed to buying large numbers of zero-emission electric
vans and trucks, there are still not many available for
purchase.
A number of startups are racing to bring electric vans or trucks
to market and are facing increasing competition from legacy
manufacturers like General Motors Co and Ford Motor Co.
Amazon's largest electric van order is for 100,000 vehicles from
Rivian Automotive Inc through 2025.
The company said that alongside EVs, it will invest in thousands
of chargers at facilities across Europe.
The retailer said it will also invest in doubling its European
network of "micro-mobility" hubs from more than 20 cities today.
Amazon has used those centrally located hubs to run new delivery
methods including electric cargo bikes or on-foot deliveries to
cut emissions.
The company plans to achieve net-zero carbon by 2040.
($1 = 1.0259 euros)
(Reporting by Nick Carey in London; Editing by Matthew Lewis)
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