Amazon will invest more than 1 billion euros ($974.8 million) in electric vans, trucks, and low-emission pack hubs over the next five years across Europe, in a goal to achieve net-zero carbon, according to Inquirer.net.
The company said it will pour more than 1B euros into a fleet consisting of more than 10,000 electric vehicles by 2025. As reported by Reuters, this will triple the number of electric vans currently operating on the continent.
Additionally, the company also reportedly hopes to buy more than 1,500 electric vehicles to conduct ‘middle-miles’ shipments to package hubs in the years forward.
The investment is also aimed at urging innovation across the transportation industry and encouraging more public charging infrastructure to support EVs, the retailer said.
While a number of large logistics firms such as United Parcel Service Inc and FedEx Corp have committed to zero-emission vehicles, there are still not many available for purchase, as per Business News.
It has also been said that Amazon’s largest electric van order is for 100,000 vehicles from Rivian Automotive through 2025. The company stated that alongside EVs, it will invest in thousands of chargers at facilities across Europe.
Moreover, the retailer will also invest in doubling its European network of ‘micro-mobility’ hubs from more than 20 cities today, and plans 100,000 custom electric delivery vehicles across the United States by 2030.