As part of its attempts to reduce its carbon emissions, Amazon expects to invest more than €1 billion over the next five years on the deployment of thousands of electric vans, trucks, and cargo bikes around Europe.

By 2025, the online retail behemoth said that the investment will help its European electric van fleet more than triple, from 3,000 to more than 10,000 vehicles.

Additionally, Amazon wants to quadruple the number of places where it operates 'micromobility hubs,' which allow for both cargo bike and foot delivery of packages. These hubs are currently located in 20 European cities, including London.

Amazon plans to achieve net zero carbon emissions by 2040, which is ten years earlier than the Paris Agreement's deadline.

According to Chief Executive Andy Jassy, the transportation network is 'one of the most difficult sectors' of the company to decarbonize, and doing so requires 'a considerable and ongoing investment.'

The business anticipates that its entire investment will foster innovation in the transportation sector and support the development of more public electric vehicle charging stations (EVs).

Deploying hundreds of electric vans, long-haul trucks, and motorcycles will help us move farther away from conventional fossil fuels and, hopefully, further inspire automotive and transportation industries in Europe and throughout the world to keep growing and innovating, according to Jassy.

The firm announced that in addition to EVs, it will make thousands of charging investments at locations throughout Europe.

Amazon stated that it intends to buy more than 1,500 electric heavy goods vehicles in the upcoming years, which will be utilised for 'middle-mile' transportation to package hubs.

Through 2025, Amazon will purchase 100,000 Rivian Automotive electric vans from the company.

There are still not many zero-emission electric vans and trucks on the market, despite the fact that several major logistics businesses, such as UPS and FedEx, which transport packages, have committed to buying substantial numbers of them.

The rivalry from established producers like General Motors and Ford is getting tougher as a number of start-ups race to market with electric vans or trucks.