EV adoption will support the company’s goal in achieving carbon neutral operations by 2040
KUALA LUMPUR, Malaysia, May 17, 2023 – FedEx Express (FedEx), a subsidiary of FedEx Corp. (NYSE: FDX) and one of the world’s largest express transportation companies, announced the addition of electric vehicles (EVs) to its fleet in Malaysia, as part of continuing efforts to reduce environmental impact and promote sustainable logistics.
The first two EVs were successfully incorporated for parcel pick-up and delivery operations within the Klang Valley. The zero-tailpipe emissions vehicles contribute to reduced carbon footprint and improved air quality in urban areas. FedEx will continue to expand its EV fleet to help advance emissions reduction goals in Malaysia.
“FedEx has been actively promoting the use of EVs as part of its sustainability goal, including the electrification of its fleet. We recognize the benefits of EVs in reducing CO2 emissions and are taking concrete steps to integrate them into our operations.” said Tien-Long Woon, managing director, FedEx Express Malaysia and Thailand. “Our actions support the Malaysian government’s strong commitment to promote EVs to mitigate the effects of climate change and achieve net zero nationally by 2050. With our 30 years of operations in Malaysia, this is an opportunity for us to demonstrate our leadership in the business community and that it is possible and imminent for companies to operate sustainably while delivering high-quality products and services to customers.”
Throughout the Asia Pacific, Middle East and Africa region, FedEx has deployed electric vehicles in a number of countries, with the region’s largest EV fleet in China. FedEx has also tested EVs in India, Thailand, South Africa, and the United Arab Emirates to help advance emissions reduction goals.
FedEx is committed to reducing its environmental impact and working towards a goal of carbon neutral operations through various initiatives. The company recognizes vehicle electrification as a key area in this effort and has set the goal of operating an all-electric global pickup and delivery (PUD) fleet by 2040. To achieve this, FedEx Express intends to purchase 50% of all new PUD vehicles as electric by 2025 and 100% by 2030.
In addition to vehicle electrification, FedEx has a tailored approach to efficient and responsible resource management that focuses on reducing, replacing, and revolutionizing both in its air and ground operations. Specific initiatives include the fuel savings initiatives, investment in renewable energy, and implementation of sustainable packaging solutions.
As FedEx celebrates its 50th birthday this year, this initiative is part of how we are creating a better world with our team members united behind our desire to deliver the best results for our customers, our communities, and our planet for a sustainable world. For more information on the company’s sustainability goals, see our latest ESG Report.
