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E-commerce conglomerate Amazon plans to invest over €1 billion (~$973 million) until 2027 to further electrify and decarbonize its transportation network across Europe.
The investment will involve delivering packages to customers sustainably, including over £300 million (~$330.6 million) in the United Kingdom.
Amazon said the investment will help the company achieve its net-zero goals by 2040, ten years ahead of the Paris Climate Accord. It will allow the company and its partners to improve electric vehicle (EV) fleet charging hardware across its European facilities.
It currently has over 3,000 electric vans delivering packages to customers in Europe, and the company aims to grow its fleet to more than 10,000 by 2025.
Amazon has launched micromobility hubs in more than 20 cities across Europe, including London, and expects to double that figure by the end of 2025. Micromobility hubs are smaller, centrally-located delivery stations. In Europe’s traditionally dense cities, the hubs enable Amazon to operate new delivery methods, such as e-cargo bikes and on-foot deliveries, to bring packages to customers more sustainably.
The e-commerce firm will use its reach and scale to help boost the production of electric heavy goods vehicles (eHGV), so transitioning away from diesel trucks can be quicker for Amazon and other heavy truck developers and users. It has five eHGVs on the road in the UK, and it will have 20 eHGVs running in Germany by the end of this year.
To power its eHGVs, Amazon will build hundreds of specialized fast chargers across its European facilities, allowing the company to charge the vehicles in approximately two hours. The company expects to buy and roll out 1,500 eHGVs in its European fleet, including over 700 in the UK, in the coming years.
Recently, Amazon announced the expansion of its clean energy portfolio worldwide, with 2.7 GW of renewable capacity additions across 71 new clean energy projects, including its first solar farms in Brazil, India, and Poland.
In July this year, the company announced investments in green hydrogen companies in Europe and the U.S. through its $2 billion Climate Pledge Fund.