As part of its ongoing sustainability efforts, FedEx has launched its first electric vehicles (EVs) in Korea to support its parcel pickup and delivery operations within high-traffic areas in Seoul and Busan.
The company has deployed six Hyundai ST1 electric cargo vans, with more units to follow this year. It is hoped that this will reduce tailpipe emissions by seven metric tons per year compared with diesel-powered vans, based on the estimated distance traveled on planned routes. The ST1 has a one-ton load capacity and an estimated range of up to 317km.
According to FedEx, the deployment of these EVs not only demonstrates the company’s commitment to reducing its environmental impact – including a goal to have an entirely zero-tailpipe-emissions parcel pickup and delivery fleet by 2040 – but may also improve operational efficiency in dense urban environments.
This initiative aligns with Korea’s goal of reducing emissions by 40% by 2030 compared with 2018 levels, and achieving carbon neutrality nationally by 2050.
“We are excited to be taking this significant step forward in our commitment to sustainability,” said Wonbin Park, managing director of FedEx Korea. “This initiative is especially critical given the continued growth of e-commerce, which demands more sustainable last-mile deliveries. These new electric vehicles will help reduce emissions and are part of our efforts to provide customers with reliable, efficient and environmentally responsible delivery options.”