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FedEx introduces electric vehicles in Korea for sustainable delivery

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FedEx introduces electric vehicles in Korea for sustainable delivery
Policy
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Raj Subramaniam President, Chief Executive Officer, and Director FedEx Corporation | FedEx

Federal Express Corporation has introduced its first electric vehicles in Korea, marking a significant step towards reducing its carbon footprint in the region. The initiative aligns with FedEx's goal of achieving carbon-neutral operations by 2040.

The company has deployed six Hyundai ST1 Electric Cargo Vans for parcel pickup and delivery operations in Seoul and Busan. These vehicles have a load capacity of 1 ton and can travel up to 317 kilometers on a full charge. Each vehicle is expected to prevent approximately 7 metric tons of tailpipe emissions annually compared to diesel-powered vans.

This move supports Korea's objective of cutting emissions by 40% by 2030 relative to 2018 levels and reaching carbon neutrality by 2050. FedEx is also investing in aircraft modernization, sustainable fuels, efficient facilities, and supporting carbon sequestration research.

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Wonbin Park, managing director of FedEx Korea, stated, “We are excited to be taking this significant step forward in our commitment to sustainability.” He emphasized the importance of sustainable last-mile deliveries due to the growth of e-commerce.

FedEx has also launched FedEx Sustainability Insights, a tool providing customers with historical emissions data for their shipments within the FedEx network. This helps customers make informed decisions about their shipping strategies.

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