Amazon Invests €1 Billion In European Electric Trucks & Vans

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 In the next 5 years, giant Amazon.com Inc will invest more than 1 billion euros ($974.8 million) in electric vans, trucks and low-emission package hubs across Europe to achieve net-zero carbon* by 2040.


*The balance between the amount of greenhouse gases produced and the amount removed from the atmosphere


The investment will not only expand the transport industry and promote public charging infrastructure for electric vehicles (EVs) but will also help increase sales of electric van fleets in Europe from 3,000 vehicles to 10,000 by 2025.


Amazon asserted that the 3,000 vans managed to deliver 100 million packages in 2021 although it did not regularly present what percentage of electric fleet deliveries were made to date.


In addition, his company intends to purchase 1,500 electric heavy goods vehicles to be used to support delivery to the package hub in the coming year.



However, the provision of supplies is still insufficient following several large logistics companies such as package delivery company United Parcel Service Inc UPS.N and FedEx Corp FDX.N have also been interested in buying electric vans and trucks.


As such, legacy manufacturers General Motors Co and Ford Motor Co are competing to bring electric vans or trucks to market.


Meanwhile, Amazon ordered the largest electric van of 100,000 vehicles from Rivian Automotive Inc and is investing in a network of chargers across Europe.


The retailer said it would also invest in doubling its European network of "micro mobility" hubs from more than 20 cities.


In fact, his company is also developing more than 20 cities in the European network of "micro-mobility" hubs to carry out new delivery methods such as electric cargo bikes or on-foot delivery to reduce emissions**.


**Limits the amount of greenhouse gases released by human activity to the same level