Amazon is purchasing 100,000 Rivian electric vans, the largest order of EV delivery vehicles ever

Business

Rivian delivery truck for Amazon

Amazon handout 2019

Jeff Bezos said Amazon has ordered 100,000 electric delivery vehicles from start-up Rivian Automotive in a push to make the company’s fleet run entirely on renewable energy.

The order which was confirmed via tweet by David Clark, Amazon’s senior vice president of operations is the largest order for electric delivery vehicles to date.

“[We] will have prototypes on the road next year, but 100,000 deployed by 2024,” Amazon CEO Bezos said of the trucks. “So a lot of these things, we don’t have magic crystal balls to look into the future, but those are a pretty good timeline.”

Amazon’s purchase comes as part of its plan to convert its delivery fleet to 100% renewable energy by 2030. The e-commerce retailer already runs 40% of its fleet on renewable energy.

Despite the massive scale of the order, the electric truck maker said it won’t impact its other production plans.

The company plans to deliver its R1T pickup and R1S SUV at the end of 2020 as planned, said a Rivian spokeswoman Amy Mast.

“For Amazon, the first vehicles will be making deliveries by 2021, with 10,000 vehicles on the road by late 2022,” she said.

Amazon and Ford are among the investors in the EV startup focused on pickups and electric trucks.

Articles You May Like

Nvidia and 2 other portfolio stocks report earnings next week. Here’s what we want to see from each
‘Quiet wealth’ takes on new meaning with super-private deals for mansions, art and classic cars
Op-ed: There’s a potential tax increase coming. Here’s what you need to know
Trump-era tax cuts set to expire after 2025 — here’s what you need to know
The Expense That’s Covertly Boosting Your Personal Inflation Rate

Leave a Reply

Your email address will not be published. Required fields are marked *