FedEx places $300M order for 2,000 electric trucks and expects it to save them an eye-watering amount in diesel
Published on Oct 12, 2026 at 5:15 AM (UTC-4)
by Ben Thompson
Last updated on Oct 12, 2026 at 5:16 AM (UTC-4)
Edited by
Mason Jones
FedEx has placed an order of its own – $300 million for 2,000 electric trucks that the company hopes will save it tons of money in diesel.
The deal was struck up with American startup manufacturer Harbinger Motors.
It’s hoped that FedEx will have a fully electrified fleet by 2040.
When you see how much the company anticipates it’ll save in diesel costs, this will seem like a no-brainer.
Electrification seems like the way of the future
It seems like everywhere you look, electric vehicles are increasing in prominence.
Whether it’s the growing popularity of Chinese EVs or the tide of western manufacturers opting to release electric models, there’s no denying that electric is on the rise.
It’s no wonder then stats recently revealed that gas-powered cars accounted for less than 50 percent of new car sales around the globe.
And it’s not just individual car owners who are getting with the programme.
FedEx is going the electric route with its fleet of delivery trucks
FedEx has place an order for 2,000 electric trucks from harbinger in a reported $300 million deal.
It’s aiming to have a fully electric operating fleet by 2040.
“FedEx is demonstrating that the business case for incorporating electric vehicles into real-world fleet operations at scale makes sense,” John Harris, Co-Founder and CEO of Harbinger, said.
“We are proud that a global leader like FedEx is turning its sustainability goals into action by choosing Harbinger to help expand its electric fleet.”
Harbinger has form when it comes to delivering electric medium-duty trucks, having previously worked with customers like Bimbo Bakeries and THOR Industries.
Over their projected operating lives, it’s predicted that the electric FedEx trucks will avoid more than 1.7 million tons of CO2 emissions entering the atmosphere.
While sustainability is certainly a benefit for both the environment and the company, it’s not the only benefit that the Memphis-based company will be seeing out of this deal.
How much FedEx expects to save in diesel costs
Harbinger estimated that each of the trucks delivered would reduce FedEx’s fuel costs by around $20,000 annually.
And with functional service lives of 20 years, the delivery company can expect to enjoy those benefits for a long while.
Electrek ran the numbers and estimated that the package delivery company would save itself around $800 million over the 20-year period.
That representing a Return on Investment of 166 percent.
And with how expensive diesel has gotten recently, we can’t say we blame FedEx for wanting to eye up alternatives.
Ben joined Supercar Blondie in February 2025 after being published by international organizations including LADbible, The Sun, the New York Post, and the Daily Mail. He covers supercars, rare and collectible vehicles, aviation, luxury assets, and the fascinating people behind them. His reporting has explored everything from seven-figure supercars and historic Ferrari collections to unusual aircraft adventures and extraordinary automotive discoveries from around the world. Ben has also gained first-hand insight into vehicle craftsmanship and customization, including visiting specialist workshops to see bespoke vehicles up close.
