Although electric vehicles (“EVs”) are slated to replace fossil-fuel-powered vehicles over the next few decades, only a small percentage of higher-earning consumers are buying EVs. On top of range anxiety and insufficient public charging infrastructure, electric vehicles are just too expensive for the average driver. However, company fleets aren’t constrained by such issues, and they may just be the avenue needed to push electric vehicles into the forefront of vehicular transportation.
With the massive growth of e-commerce over the past decade, the nascent EV sector has been given a once-in-a-lifetime opportunity for expansion. E-commerce companies run massive fleets to deliver their products across the country, with Amazon, the largest online seller in the world, delivering millions of packages every year. The coronavirus pandemic and subsequent lockdowns showed just how handy the sector is, and the space is poised to grow even more in the coming years.
Coincidentally, such growth would see the sector produce more carbon emissions, with some analysts predicting that due to Amazon’s large fleets, it could soon become the world’s biggest producer of CO2 emissions after Chinese coal plants. That’s where electric vehicles, specifically electric trucks, and vans could shine.
Alternate energy vehicles with around 150 miles of range are perfect for last-mile deliveries, or moving packages from transportation hubs to their final destinations. And since major e-commerce players tend to have larger budgets and centralized locations to facilitate charging, players in the EV sector are working on providing these companies with the most efficient electrified delivery vehicles.
Chinese EV maker BYD, Tesla, Volvo and Freightliner are just a few of the companies developing electric heavy-duty vehicles such as semi-trucks for regional shipping. Volvo, for instance, is engineering a VNR design that would be able to travel for 150 miles on a single charge, with recharging to 100% capacity taking an hour. General Motors is working on a van dubbed the BV1 that will start production later this year while Ford will unveil an electric version of its Transit van in 2022.
General Motors Chairman and CEO Mary Barra says the automaker is working on developing solutions that will enable its commercial customers to move their goods sustainably. Consequently, the company has launched BrightDrop, a subsidiary that will focus on engineering last-mile products including software, alternate energy vehicles and e-pallets. The subsidiary has already piqued the interest of several shipping and delivery services, including FedEx.
Additionally, UPS is purchasing 10,000 units from a manufacturer called Arrival over the next four years. The UK-based manufacturer develops electric vehicles equipped with advanced driver-assistance systems. UPS Ventures, a UPS subsidiary, is investing in the company, which will provide EVs for both UPS’ European and North American fleets.
Amazon, the biggest e-commerce player, claims to have delivered more than 20 million packages using EVs last year, and it plans to put 100,000 more electric vehicles on the road by 2030. These additional electric vehicles will be developed by Rivian, which is currently road testing the vehicles in San Francisco and Los Angeles with plans of deploying them in 16 American cities by the end of 2021.
As many EV companies are still conducting tests of their electric commercial vehicles, other players such as ev Transportation Services Inc. already have tried and tested, last-mile urban delivery electric vehicles that can also do a commendable job during warehouse operations.
NOTE TO INVESTORS: The latest news and updates relating to ev Transportation Services Inc. are available in the company’s newsroom at https://ibn.fm/EVTS
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