Amazon expands road testing of Rivian electric delivery vans

San Francisco is the latest location that will see the electric delivery vans on the road.

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Rivian electric delivery vans for Amazon

Image source: Amazon

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Amazon.com, Inc (NASDAQ: AMZN) revealed today on its official Amazon News Twitter account that it has expanded the testing of its planned fleet of electric delivery vans.

Road testing is now beginning in San Francisco, marking the second city after the vans started being utilised in Los Angeles earlier this year. The company plans to have them on the roads of 16 cities by the end of this year. 

The Rivian electric vans are part of Amazon's Climate Pledge investment. Amazon led a $700 million investment round in Rivian in 2019 as part of the Climate Pledge agreement it co-founded. The agreement commits to achieving net-zero carbon emissions by 2040, 10 years earlier than the Paris Accord's plan.

Amazon ordered 100,000 electric delivery vans from Rivian to help achieve that goal and plans to have 10,000 of the vehicles in service in 2022, with all 100,000 by 2030. 

Rivian has raised $8 billion since the start of 2019 to fund its development. The new vehicles have a range of 150 miles on a single charge. Amazon said it has also begun installing thousands of charging stations at its delivery hubs across North America and Europe.

Amazon said it chose San Francisco as one of the first cities to test the Rivian electric vans because of its "great customers, unique terrain and climate," reported CNBC.

 In addition to the specialty vehicles for Amazon, Rivian plans to manufacture electric pickup trucks and SUV "adventure vehicles" specialising in off-road conditions.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Howard Smith owns shares of Amazon. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of and recommends Amazon and recommends the following options: long January 2022 $1920 calls on Amazon and short January 2022 $1940 calls on Amazon. The Motley Fool Australia has recommended Amazon. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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