Amazon.com to take a position over 1 billion euros in European electrical van, truck fleet By Reuters

By Nick Carey

LONDON (Reuters) – Amazon.com Inc (NASDAQ:) mentioned on Monday it should make investments greater than 1 billion euros ($974.8 million) over the following 5 years in electrical vans, vehicles and low-emission bundle hubs throughout Europe, accelerating its drive to realize net-zero carbon.

The retailer mentioned the funding was additionally aimed toward spurring innovation throughout the transportation business and inspiring extra public charging infrastructure for electrical autos (EVs).

The U.S. on-line retailer mentioned the funding would assist its electrical van fleet in Europe greater than triple from 3,000 autos to greater than 10,000 by 2025.

The corporate didn’t say what share of its European last-mile supply fleet is electrical as we speak, however mentioned these 3,000 zero-emission vans delivered over 100 million packages in 2021.

Amazon mentioned it additionally hopes to buy greater than 1,500 electrical heavy items autos – used for “middle-mile” shipments to bundle hubs – within the coming years.

Though a variety of giant logistics corporations – together with bundle supply firms United Parcel Service Inc (NYSE:) and FedEx Corp (NYSE:) – have dedicated to purchasing giant numbers of zero-emission electrical vans and vehicles, there are nonetheless not many obtainable for buy.

A variety of startups are racing to deliver electrical vans or vehicles to market and are dealing with rising competitors from legacy producers like Common Motors Co (NYSE:) and Ford Motor (NYSE:) Co.

Amazon’s largest electrical van order is for 100,000 autos from Rivian Automotive Inc by way of 2025.

The corporate mentioned that alongside EVs, it should spend money on 1000’s of chargers at services throughout Europe.

The retailer mentioned it should additionally spend money on doubling its European community of “micro-mobility” hubs from greater than 20 cities as we speak.

Amazon has used these centrally situated hubs to run new supply strategies together with electrical cargo bikes or on-foot deliveries to chop emissions.

The corporate plans to realize net-zero carbon by 2040.

($1 = 1.0259 euros)