Amazon to Invest $1 Billion for Electric Delivery Vans in Europe

Photo: Amazon

Amazon plans to invest over €1 billion (~$969 million) in electrifying its European transportation routes over the next five years, as detailed in a press release from the company on Monday.

The move is an attempt to reach net-zero by 2040, which the company notes is 10 years ahead of the Paris agreement. The company did not specify any particular EV automaker for these new vans.

Currently, Amazon already has over 3,000 electric vans delivering across Europe, but the aforementioned investment will bring that number to over 10,000 by 2025.

“Our transportation network is one of the most challenging areas of our business to decarbonize, and to achieve net-zero carbon will require a substantial and sustained investment,” said Amazon CEO Andy Jassy. “Deploying thousands of electric vans, long-haul trucks, and bikes will help us shift further away from traditional fossil fuels—and hopefully, further encourage transportation and automotive industries in Europe and around the world to continue scaling and innovating, as we will have to work together to reach our climate goals.”

Amazon also launched micro-mobility delivery hubs in 20 cities across Europe, including London, Munich and Paris, with plans to double that number by 2025.

In the U.S., Amazon has been testing Rivian’s electric delivery vans and it has also become the top corporate buyer of renewable energy in the U.S., according to the company.