Amazon Plans $972M Investment On Electric Vans, Trucks In Europe

Amazon Plans $972M Investment On Electric Vans, Trucks In Europe

Amazon Plans $972M Investment On Electric Vans, Trucks In Europe.

  • Amazon plans to roll out the vehicles by 2030 in several cities in Europe.
Amazon Plans $972M Investment On Electric Vans, Trucks In Europe
Photo by Justin Sullivan/Getty Images / Getty Images

Amazon said Monday it will invest 1 billion euros ($972.1 million) to add thousands of more electric vans, long-haul trucks, and cargo bikes to its delivery network in Europe.

Amazon announced on its website that this planned investment would move the number of electric delivery vans the company has in Europe from roughly 3,000 to 10,000 by 2025.

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According to media reports, the retail giant has already ordered 100,000 electric vans from Rivian Automotive, which issued a recall last week for almost all its vehicles in order to tighten a loose fastener.

With the investment, Amazon is also hoping to purchase more than 1,500 electric trucks, up from five, in the United Kingdom.

To accommodate those vehicles, the company said it will build hundreds of fast chargers across its European facilities that can charge the vehicles in roughly two hours.

“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, referring to the company’s pledge to be net carbon by 2040.

Rivian Automotive has also revealed it planned to deliver the vehicles to Amazon by 2025 while Amazon plans to roll out the vehicles by 2030.


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