FedEx is converting its entire parcel pickup and delivery fleet fully electric by 2040. The company has planned to invest $2 billion into vehicle electrification. FedEx is planning to replace existing vehicles into fully electric vehicles over the next 19 years. Furthermore, they have planned to achieve half of all its FedEx Express global pickup and delivery vehicle purchases to be fully electric by 2025. By 2030, only electric pickup and delivery vehicles will be purchased by the company. FedEx is set to be the first company to take delivery of General Motors’ EV600 vans, and is due to receive its first vehicles in late 2021. EV600 is a light commercial vehicle introduced by General Motors, The nearly $800 million (C$1 billion) investment will support GM’s timing to deliver BrightDrop EV600 in late 2021. The investment will enable GM to convert CAMI into Canada’s first large-scale electric delivery vehicles manufacturing plant. The plant currently produces the Chevrolet Equinox, which is being phased out in 2023. Link to the news: https://www.businessinsider.com/fedex-delivery-fleet-all-electric-carbon-neutral-2040-sustainability-2021-3