CJ Logistics and Hyundai Glovis to Fully Switch to Zero-Emission Vehicles by 2030

Ministry of Environment Holds Zero-Emission Vehicle Transition Declaration Ceremony… 59 Logistics and Transportation Companies to Fully Replace 8,500 Commercial Vehicles
111 Companies Participating So Far… Declaring Transition of Over 1.29 Million Vehicles

[Sejong=Asia Economy Reporter Joo Sang-don] On the 26th, four logistics and distribution companies including CJ Logistics and Hyundai Glovis, along with 55 bus and taxi operators, declared their commitment to transition their fleets to zero-emission vehicles (electric and hydrogen vehicles) by 2030.

The Ministry of Environment announced that it held a declaration ceremony on the same day for the 'Korean-style Zero-Emission Vehicle Transition 100' initiative, which includes plans for these 59 companies to fully replace approximately 8,500 commercial vehicles with electric and hydrogen vehicles by 2023.

The 59 logistics and transportation companies participating in this declaration currently own a total of 8,385 vehicles, of which zero-emission vehicles account for about 5.5% (458 vehicles).

First, four logistics companies?Lotte Global Logistics, CJ Logistics, SK Networks, and Hyundai Glovis?will start purchasing and leasing 57 zero-emission vehicles this year, aiming to cumulatively acquire around 800 vehicles by 2025, about 1,800 by 2028, and approximately 2,500 by 2030, achieving a 100% transition to zero-emission vehicles by 2030.

The 55 bus and taxi transportation companies plan to purchase and lease 380 zero-emission vehicles in 2021, followed by about 2,900 by 2025, around 4,800 by 2028, and approximately 5,900 by 2030, targeting a 100% transition by 2030.

Commercial vehicles such as buses, taxis, and freight trucks have average daily driving distances of 177 km, 300 km, and 129 km respectively as of 2019, which are longer than passenger cars (33 km). The greenhouse gas reduction effect of converting one vehicle to a zero-emission vehicle is 16 times higher for buses, 4.5 times higher for taxis, and 2.5 times higher for freight trucks compared to passenger cars. Additionally, due to their operation near urban areas and public living spaces, their fine dust emissions have a significant impact on public health.

The Ministry of Environment will intensively support the installation of charging infrastructure at business sites such as garages and logistics centers to expedite the transition in the logistics and transportation sectors, and will prioritize purchase subsidies for participating companies. Furthermore, it plans to gradually expand subsidies for commercial vehicles with high environmental improvement effects in the mid to long term.

With this declaration from the logistics and transportation sectors, the total number of companies participating in the Korean-style Zero-Emission Vehicle Transition 100 has increased to 111. These companies plan to transition over 1.29 million vehicles to electric and hydrogen vehicles by 2030.

This content was produced with the assistance of AI translation services.