FedEx to Electrify Entire Fleet by 2040

FedEx to Electrify Entire Fleet by 2040

A FedEx truck travels along Interstate 10 by the San Gorgonio Pass Wind Farm near Palm Springs, California on Feb. 27, 2019. Robert Alexander / Getty Images FedEx’s entire parcel pickup and delivery fleet will become 100 percent electric by 2040, according to a statement released Wednesday. The ambitious plan includes checkpoints, such as aiming for 50 percent electric vehicles by 2025. To reach this goal, the delivery company will commit more than $2 billion to vehicle electrification, sustainable energy and carbon sequestration, according to the statement. "We have a responsibility to take bold action in addressing climate challenges," Frederick W. Smith, chairman and CEO of FedEx Corp. said in the release . "This goal builds on our longstanding commitment to sustainability throughout our operations, while at the same time investing in long-term, transformational solutions for FedEx and our entire industry." FedEx will also continue to invest in sustainable fuels to power its planes — the biggest contributor to its carbon footprint, Fast Company reported . But switching to sustainable fuel won’t be easy, Mitch Jackson, chief sustainability officer for FedEx Corp, told Fast Company. "The question is, will sustainable aviation fuels be here in sufficient quantities for the […]

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