Tech giant Amazon is going green! It led an investment of $700 million into Rivian, an EV startup. Amazon has placed an order of 100,000 Rivian’s zero-emission trucks.
Rivian founder R.J. Scaringe said in a statement, “This investment is an important milestone for Rivian and the shift to sustainable mobility.”
Amazon CEO Jeff Bezos reportedly said that prototypes may reach Amazon by 2020, whereas these electric vans are expected to begin delivering packages as early as 2021.
This order will not only help Amazon reach its goal of becoming net carbon neutral by 2040 ( 10 years earlier than is outlined by the United Nations Paris Agreement), but will also result in savings in its annual fuel budget.
“We’re done being in the middle of the herd on this issue – we’ve decided to use our size and scale to make a difference,” says Bezos. “If a company with as much physical infrastructure as Amazon – which delivers more than 10 billion items a year – can meet the Paris Agreement 10 years early, then any company can.”