The $300 million deal is one of the largest for electric medium or heavy-duty trucks and is expected to save FedEx $800 million in diesel costs over 20 years.
The $300 million deal is one of the largest for electric medium or heavy-duty trucks and is expected to save FedEx $800 million in diesel costs over 20 years.
· Updated
FedEx has placed a significant order for 2,000 all-electric box trucks from the startup Harbinger, a deal reportedly valued at over $300 million. This move is part of FedEx's broader strategy to electrify its entire fleet by 2040 and represents one of the largest binding orders for electric medium or heavy-duty trucks in history.
Harbinger estimates that each electric truck will save FedEx approximately $20,000 annually in fuel costs compared to its diesel counterpart. With a projected service life of 20 years for the vehicles, FedEx anticipates total savings of around $800 million on fuel.
Beyond the economic benefits, the transition to electric trucks is expected to significantly reduce FedEx's environmental impact. The company anticipates avoiding more than 1.7 million tons of CO2 emissions over the operating lives of these 2,000 electric trucks.
This large-scale adoption by FedEx demonstrates the growing viability of electric vehicles for commercial fleet operations. Harbinger highlights that FedEx's previous experience with their vehicles informed this decision, citing both performance and economic advantages.
FAQ
What is the total value of the FedEx order for electric trucks?
The order for 2,000 electric box trucks from Harbinger is reportedly worth more than $300 million.
How much does FedEx expect to save by using these electric trucks?
FedEx expects to save approximately $800 million in diesel fuel costs over the 20-year lifespan of the 2,000 electric trucks.
