Amazon is building a fleet of carbon-neutral delivery trucks that is expected to be operational by 2030.
Although it’s going to be a decade of work, the fleet will prove to be a long-term investment that will boost the company’s profits and reduce carbon emissions, according to Bank of America.
Amazon CEO Jeff Bezos has promised to fight climate change and committed his company to meet the Paris Agreement’s goal. To achieve this, the online retail giant is buying a fleet of electric delivery trucks from vehicle manufacturer Rivian, to deliver packages to customers starting 2021.
By 2022, Amazon plans to roll out 10,000 of the carbon-neutral vehicles, and by 2030 it will have a total of 100,000 trucks operating.
“We note AMZN’s 100k trucks would be comparable to UPS’ reported 123k package cars & vans. We think this announcement, along with aircraft leases and shipping facility investment… strongly signal AMZN’s intentions to build out shipping capabilities similar to leading shipping companies.” – Justin Post, Analyst, Bank of America
Amazon Calls on Other Companies to Join the Climate Pledge
Post’s comments came shortly after Bezos announced Amazon’s commitment to the Climate Pledge, a commitment to meet the goals of the Paris Agreement 10 years early.
As a signatory of the Climate Pledge, Bezos has agreed to measure and report Amazon’s emissions on a regular basis, implement decarbonization strategies, and neutralize any remaining emissions.
Bezos also promised that the company will reach 80% of renewable energy by 2024 and have zero emissions by 2030.
The top honcho added that he wants Amazon to be a role model for other companies.
“It’s a difficult challenge for us because we have deep, large physical infrastructure. So, if we can do this, anyone can do this.” – Jeff Bezos, CEO, Amazon
What do you think of Amazon’s efforts to help end climate change by adopting electric vehicles? Tell us in the comments below or over in our Facebook Group.
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