Fuel volatility accelerates EV leap in last mile delivery for ecommerce, logistics firms

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Ecommerce and logistics companies are accelerating the shift to electric vehicles (EVs) for last-mile deliveries, driven not just by sustainability goals but also by rising costs and supply risks.

While EV adoption was already gaining momentum at companies such as Flipkart, Delhivery and Porter, fuel price volatility linked to global conflicts is hastening the transition, executives at bigbasket, Zippee and Dealshare said.

With fuel costs becoming increasingly unpredictable, companies expect EV timelines to advance as delivery partners seek to reduce…



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Fuel volatility accelerates EV leap in last mile delivery for ecommerce, logistics firms


Ecommerce and logistics companies are accelerating the shift to electric vehicles (EVs) for last-mile deliveries, driven not just by sustainability goals but also by rising costs and supply risks.

While EV adoption was already gaining momentum at companies such as Flipkart, Delhivery and Porter, fuel price volatility linked to global conflicts is hastening the transition, executives at bigbasket, Zippee and Dealshare said.

With fuel costs becoming increasingly unpredictable, companies expect EV timelines to advance as delivery partners seek to reduce…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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