Amazon plans €1B investment in European electric van, truck fleet
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Amazon (NASDAQ:AMZN) is looking to invest over â¬1B in electric vans, trucks and low-emission package hubs across Europe over the next five years, Reuters reported on Monday.
The investment would help more than triple its electric van fleet in Europe from 3,000 vehicles to 10,000+ units by 2025. It will also help drive Amazon's (AMZN) plan to become net-zero carbon by 2040.

The U.S. e-commerce giant expects to purchase over 1,500 electric heavy goods vehicles - used for "middle-mile" shipments to package hubs - in the coming years. Alongside EVs, it will invest in thousands of chargers at facilities across Europe.
Plans also call for doubling its European network of "micro-mobility" hubs from more than 20 cities today.
Amazon (AMZN) shares were down marginally premarket