FedEx orders 2,000 electric trucks from Harbinger to cut fuel costs

FedEx has announced a significant expansion of its electric vehicle fleet, purchasing 2,000 medium-duty EV trucks from California-based startup Harbinger. The deal, valued at over $200 million, is part of the logistics giant's broader strategy to fully electrify its pickup and delivery fleet by 2040. These vehicles are expected to be operational in the U.S. and Canada by 2027. FedEx anticipates that the transition will save approximately $800 million in fuel costs over the 20-year lifespan of the trucks while preventing 1.7 million tons of carbon dioxide emissions. The new trucks offer a range of 140 to 210 miles per charge, with fast-charging capabilities allowing for a 20-to-80 percent charge in under an hour. This move aligns with FedEx's commitment to exclusively purchase electric trucks by 2030, marking a major step toward achieving its zero-tailpipe emission goals.