FedEx Corp. is scheduling to make its total fleet of shipping and delivery vans absolutely electric powered by 2040, the business reported Wednesday.

The move is aspect of an effort to become carbon neutral that very same calendar year, with the business scheduling to plow $two billion into theĀ global effort.

The Memphis, Tenn.-dependent business will consider a phased strategy to electrifying its fleet. By 2025, 50 p.c of its purchases of new shipping and delivery autos will be electric powered, rising to a hundred p.c of all purchases by 2030.

FedEx has extra than 200,000 autos in its fleet.

In January, the business introduced designs to acquire 500 electric powered vans from Basic Motors’ new business enterprise, BrightDrop.

Jeremy Carroll of Automotive News contributed to this report.