Amazon recently purchased over 100,000 electric delivery trucks from Rivian. The announcement was made by Amazon’s CEO Jeff Bezos, and it will be part of Amazons' larger effort to be carbon neutral by the year 2040. Amazon refers to its sustainability goals as a “Climate Pledge,” the company has also indicated that it will act in other ways to reduce its carbon footprint, including utilizing solar energy.
Amazon's purchase of the electric delivery trucks is the single largest purchase of Rivian trucks to date. The trucks are scheduled to begin delivery operations in 2021.
The e-commerce giant has also previously invested resources into Rivian, which amounted to $700 million. Amazon’s interest in Rivian did not stop there, as it also announced that it would provide an additional $350 million into the company.
Image Credit: Amazon
Key Themes Behind This Trend
- Electric Delivery Trucks
- Opportunity for companies to invest in and develop electric delivery truck technology for more sustainable and efficient transportation.
- Carbon Neutrality
- Growing trend of companies setting ambitious carbon neutrality goals, creating opportunities for innovative solutions and sustainable practices.
- Renewable Energy
- Increased adoption of renewable energy sources, such as solar power, to support environmentally-friendly operations and reduce carbon footprints.
Where This Applies
- Automotive
- Opportunity for automotive companies to capitalize on the demand for electric delivery trucks and develop innovative solutions for the transportation industry.
- E-commerce
- E-commerce companies can incorporate electric delivery trucks into their supply chain to align with sustainability goals and improve customer perception.
- Renewable Energy
- Growing need for renewable energy solutions to support the increased demand for electric vehicles and power sustainable transportation systems.
