Electric Trucks, Transport News

Volvo leads booming global electric truck market

Volvo Trucks says it is continuing to sell plenty of electric trucks globally to top key markets

Heavy vehicle brand Volvo says its global electric truck sales makes it the market leader in both Europe and North America.

Volvo says the number of heavy electric trucks in those regions grew faster than ever before in the past year as Volvo has now sold more than 4,300 electric models globally in more than 38 countries.

In Europe, Volvo Trucks says it has a 32 per cent share of the market for heavy electric trucks while in North America nearly half of all heavy electric trucks registered in 2022 came from Volvo.

“We’re determined to lead the electric truck transformation and our market leading position in 2022, not only in Europe, but also in North America and other markets, is proof that we’re doing just that,” Volvo Trucks president Roger Alm says.

“Although the market for electric trucks is still small, the trend is clear: many of our customers are now starting their own shift to electric. We intend to be the catalyst for this transition and aim for 50 per cent of our global sales of new trucks to be electric in 2030.”

RELATED ARTICLE: Volvo partners with GEODIS for electric truck freight trial

Since Volvo started producing electric trucks in 2019, it says it has developed to offer a broad product line-up with six products in series production.

“We now have a product portfolio that can cover most types of transportation for all kinds of customers,” Alm says.

“Looking at the goods flow patterns, it’s possible to electrify nearly half of all transports with our line-up of electric trucks.

“We see it as our mission to support our customers in making that happen.”

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