Australian logistics company Team Global Express is set to revolutionize its fleet with the addition of over 300 electric trucks, vans, and mobile charging stations, thanks to a hefty $190 million funding injection led by the Clean Energy Finance Corporation. This impressive move comes hot on the heels of the company’s earlier purchase of 60 electric last mile delivery trucks, showcasing their commitment to sustainability and innovation in the logistics sector.
What?
The $190 million finance package, supported by various Australian and international financiers, will see Team Global Express diversify its fleet with light, medium, and rigid battery electric trucks, courier vans, hybrid refrigerated trucks, and mobile charging infrastructure across key locations in Melbourne, Sydney, and Queensland over the next three years. This ambitious initiative aims to bolster the company’s existing fleet of electric vehicles, making it a leader in sustainable logistics solutions in Australia.
Why does it matter?
The significance of this investment lies in addressing transport emissions, which currently contribute to 21% of Australia’s total emissions and are projected to increase substantially by 2030. By electrifying a substantial portion of its operations, Team Global Express is not only reducing its carbon footprint but also setting a precedent for decarbonizing the transport supply chain network in Australia. This move aligns with the global trend towards electric vehicle adoption and underscores the importance of sustainable practices in the logistics industry.
How is it going to shape the future?
Team Global Express’ ambitious electric fleet expansion sets a new standard for environmentally conscious logistics operations in Australia. By leveraging the CEFC concessional finance to overcome the upfront costs of electric trucks, the company is paving the way for a more sustainable future in transportation. The potential cost savings, environmental benefits, and operational efficiencies associated with electric vehicles demonstrate the positive impact of embracing clean energy solutions in the logistics sector. This strategic investment not only positions Team Global Express as a trailblazer in sustainable logistics but also underscores the imperative for the industry to embrace electrification as a key driver of future growth and environmental stewardship.