Please ensure Javascript is enabled for purposes of website accessibility

Amazon Clicks Buy, Orders Over 1,000 Natural Gas Trucks for Its Fleet

By Scott Levine - Updated Feb 8, 2021 at 12:26PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The Everything Store just took another step toward its 2040 goal of achieving carbon neutrality across its businesses.

Demonstrating its ongoing commitment to tackling climate change, Amazon (AMZN 3.58%) is reducing the carbon footprint of its vehicle fleet. According to Reuters, Amazon has ordered more than 1,000 vehicles powered by engines from a joint venture between Cummins (CMI 4.91%) and Westport Fuel Systems (WPRT 4.63%). Citing a source familiar with the deal, Reuters reports that the more than 1,000 vehicles -- which will power Amazon's vehicles operating between warehouses and distribution centers -- are capable of running on both renewable and non-renewable gas.

In a statement regarding the deal provided to Reuters, the company said that "Amazon is excited about introducing new sustainable solutions for freight transportation and is working on testing a number of new vehicle types including electric, CNG [compressed natural gas], and others."

A truck driving on a highway at sunset.

Image source: Getty Images.

While the order from the Cummins-Westport joint venture is the most recent effort that Amazon has made toward shifting its vehicle fleet away from conventional engines, it's far from the only noteworthy deal the company has inked. Last October, Amazon announced an order for 100,000 electric delivery vans from Rivian.

With President Biden, a strong advocate for renewable energy options, taking office last month, investors have flocked to green energy stocks. Westport's stock, for example, has ripped 62% higher year to date; moreover, Clean Energy Fuels (CLNE 0.00%), a leading supplier of natural gas for the transportation industry, has risen 65%. Operating more than 550 natural gas fueling stations, Clean Energy Fuels brands itself as "the only natural gas fueling solutions provider in the industry to offer CNG, LNG, & RNG fueling."

Editor's Note: An earlier article misidentified Amazon as purchasing engines rather than vehicles. The Motley Fool regrets the error. 

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned, Inc. Stock Quote, Inc.
$116.46 (3.58%) $4.02
Cummins Inc. Stock Quote
Cummins Inc.
$195.02 (4.91%) $9.13
Westport Fuel Systems Inc. Stock Quote
Westport Fuel Systems Inc.
$1.13 (4.63%) $0.05
Clean Energy Fuels Corp. Stock Quote
Clean Energy Fuels Corp.
$5.05 (0.00%) $0.00

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning analyst team.

Stock Advisor Returns
S&P 500 Returns

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 06/24/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.