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FedEx expands EV operations in South Korea

FedEx expands EV operations in South Korea
Policy
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Frederick W. Smith FedEx Corporation Founder and Executive Chairman | FedEx

서울, 대한민국 – FedEx Corporation has completed the first phase of its electric vehicle transition in South Korea. This marks a significant milestone towards the company's global goal of converting all pickup and delivery vehicles to electric by 2040 to achieve zero emissions.

FedEx introduced six electric vehicles in January and recently added 13 Hyundai ST1 electric trucks. These vehicles are operating in commercial and residential areas, including major regions such as Gangnam, Jongno, Sangam, Seongdong, and Yongsan in Seoul.

The new fleet features a one-ton load capacity and can travel up to 317 kilometers on a full charge. According to FedEx's operational data, each electric vehicle is expected to reduce greenhouse gas emissions by approximately 4.5 metric tons annually compared to similar diesel vehicles.

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To support the expanded use of electric vehicles, FedEx has installed charging infrastructure with eight chargers at its Sangam office and four at its Gimpo office.

“Transitioning to electric vehicles is essential for reducing environmental impact,” said Park Won-bin, Managing Director of FedEx Korea. “This expansion demonstrates our commitment to reducing carbon emissions and realizing a more sustainable future with our communities. We will continue investing in smart and sustainable logistics solutions for a cleaner and more resilient future.”

FedEx aims for carbon-neutral operations worldwide by 2040 through various sustainability initiatives beyond adopting electric vehicles. These include aircraft modernization, alternative fuels like Sustainable Aviation Fuel (SAF), fuel reduction strategies, energy-efficient facility designs, and scientific research into nature-based carbon removal methods.

Through operational efficiency initiatives centered around aviation, FedEx achieved a 6.1% reduction in direct emissions (Scope 1) from fiscal year 2023 to fiscal year 2024. The company also signed an agreement at Los Angeles International Airport (LAX) for over three million gallons of blended SAF over one year.

Additionally, FedEx launched FedEx Sustainability Insights—a cloud-based tool providing past carbon emission data on shipments within the FedEx network—to help customers manage their carbon footprint and develop sustainability strategies effectively.

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