Amazon will invest 1 billion to electrify its delivery fleet in Europe

Amazon will spend €1 billion over five years to electrify its delivery fleet in Europe, the retail giant announced. The money will be used to “double” the number of EVs in Europe to 10,000 vans and 1,500 “electric heavy goods vehicles.” The company has said it aims to be net-zero carbon emissions by 2040.

“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,” Andy Jassy, Amazon CEO, said in a statement.

Jassy said that Amazon’s investment will hopefully spur the installation of more public EV chargers in Europe, as well as serve as an incentive to the auto industry to make more electric delivery vehicles.

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