Amazon.com Inc plans to invest more than EUR1 billion ($974.8 million) in the expansion of the fleet of its delivery vehicles in Europe with the addition of thousands of electric trucks, vans, and cargo bikes over the next five years. The company announced an investment of £300 million in the UK, where it intends to deploy as many as 700 electric heavy goods vehicles (HGVs) by 2025, up from five currently and more than triple its fleet of electric vans from 3,000 to 10,000 across the continent.
Amazon also intends to build hundreds of rapid charging stations for electric cars at the group's warehouses and delivery hubs in Europe to enable the new low-carbon fleet to charge in around two hours. In early 2022, Amazon introduced a fleet of e-cargo bikes and a team of on-foot delivery staff to replace thousands of van deliveries in London to reduce its carbon emissions. The company plans to double the number of cities in Europe where it has micromobility hubs, which facilitate cargo bikes and on-foot delivery.
The investment accelerates Amazon’s initiative to achieve its net-zero target by 2040. In 2021, the emissions by the company were equivalent to 71.54 million tonnes of carbon dioxide, which increased 18% over that in 2020. The investment strategy comes amid an increase in online sales and delivery since the COVID-19 pandemic, which led to an increase in the company's revenue. The increasing cost of fuel since Russia's invasion of Ukraine also compelled businesses to consider other forms of transportation.
The investment is also aimed at encouraging innovation in the transportation sector and the expansion of public charging stations for EVs. Many companies pledged to take steps to reduce their environmental impact, with PepsiCo becoming the first company to take delivery of an electric truck it ordered from Tesla Inc. Other companies such as package delivery providers United Parcel Service Inc. and FedEx Corp. also committed to purchasing large numbers of zero-emission electric vans and trucks to reduce their environmental impact.
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