Amazon Will Invest $900 Million in EV for Delivery in Europe: Update

October 10, 2022 By Prelo Con

(Image Credit Google)

According to a statement made by Amazon, the firm will innovate on how it plans to become carbon-neutral. According to an Electrek article, Amazon would spend $974.8 million (€1 billion) on electric trucks and vans for its delivery fleet in Europe. The business wants to support the transportation sector and inspire other businesses to invest in electric vehicles. By 2025, 10,000 vans will be bought, which is triple the number of EVs Amazon presently owns. Additionally, the business intends to finance its "micro-mobility" delivery hubs. It supports delivery by foot and cargo bike and is currently operational in 20 European nations. Amazon Invest $900 Million

Heavy-duty electric trucks like the Tesla Semi, Freightliner eCascadia, and Volvo VNR electric will be purchased by Amazon for huge deliveries. The installation of chargers at Amazon locations across Europe is the penultimate project on the company's list of investments. Amazon hasn't specified any specific brands for the products they bought for this investment. But according to reports, Amazon has currently bought 100,000 Rivian Electric Delivery Vans. This was a portion of the 2019 $700 million investment in Rivian. Amazon also reaffirmed its commitment to lowering the amount of carbon dioxide emissions produced by its delivery fleets through Vice President of Transportation Services Europe Andreas Marschner. Amazon Invest $900 Million

In addition to the two EVs mentioned above, Amazon recently placed orders with other EV manufacturers like Mercedes-Benz and Lion Electric. According to a report from Engadget, Amazon would also spend $1 billion to raise hourly worker wages in the United States. The corporation made this choice at an ideal moment because it had recently come under fire for its labor practices. As a result, the majority of entry-level warehouse and transportation workers will start at a salary higher than $19 per hour. The hourly wage for employees in fulfillment and other divisions of the business will rise to $16.

By Prelo Con

Following my passion by reviewing latest tech. Just love it.

Amazon Will Invest $900 Million in EV for Delivery in Europe: Update

Walmart's GenAI Search Engine: Challenging Google's Dominance in Retail Search

Introducing the MSI Claw Handheld: Your Ultimate Gaming Companion

Uber Increases In-App Ads, Prompting Mixed Reactions from Customers

Apple's iOS 18: A Leap into the AI Era

Google's Regular Pixel 8 Won't Get Gemini Nano AI

MacBook Air M3 Makes Amends for M2's Storage Blunder

Samsung Unveils the Galaxy M15 5G

Elon Musk's xAI to Open-Source Chatbot Grok

Contra: Operation Galuga - A Modern Run-and-Gun Classic

Musk Confirms X's TV App Arrives This Week

Ford recently applied for a patent in the US for automated repossession tech

Nasdaq Warned EV Manufacturer Arrival of Delisting

Saudi Arabia Unites With Foxconn to Develop EVs

Bird Closes Shop in Select Countries And US Cities

2023 KTM X-BOW GT2 Is Here With Top Speed Of 280km/h

Honda To Release At Least 10 Electric Motorcycles By 2025