NEW YORK (AP) — 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.
The investment would grow the number of electric delivery vans the company has in Europe from roughly 3,000 to 10,000 by 2025, the Seattle-based retail giant said in an announcement on its website.
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. Despite the pledge, the company said its carbon emissions grew by 18% last year, driven by the surge in online shopping during the coronavirus pandemic.