Amazon.com to invest over 1 billion euros in going zero-emission

Amazon also hopes to purchase more than 1,500 electric heavy goods vehicles

Amazon plans to invest more than 1 billion euros over the next five years in low emission package hubs, trucks and electric vans across Europe. This move is to achieve its goal of net zero carbon emissions. The retail giant said this investment would be a step to help its electric van fleet in Europe and triple the vehicles from the current 3,000 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 also hopes to purchase more than 1,500 electric heavy goods vehicles in the coming years. Although a number of large logistics firms - including package delivery companies such as FedEx Corp and United Parcel Service Inc. have committed to buying large numbers of zero-emission electric vans and trucks, there are still not many available for purchase. Many startups are racing to bring electric trucks or vans to the market and are facing increasing competition from legacy manufacturers like Ford Motor Co and General Motors Co. Amazon’s largest electric van order is for 100,000 vehicles from Rivian Automotive Inc. through 2025.