Volvo Trucks has emerged as the market leader in heavy electric trucks, with the company selling more than 4,300 electric trucks globally in over 38 countries. The growth in the market for heavy electric trucks in Europe and North America has been exponential, and in 2022, the market for heavy electric trucks in Europe grew by 200% to 1,041 trucks.
Volvo Trucks holds the highest share of the market in Europe, with a 32% share of the market for heavy electric trucks. In North America, nearly half of all heavy electric trucks registered in 2022 were Volvo trucks.
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“We are 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 are doing just that. 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% of our global sales of new trucks to be electric in 2030,” says Roger Alm, President of Volvo Trucks.
Volvo Trucks began production of fully electric trucks in 2019 and has since sold more than 4,300 electric trucks globally. The company currently offers the industry’s broadest product line-up with six products in series production, catering to a wide variety of transports in and between cities.
“We now have a product portfolio that can cover most types of transportation for all kinds of customers. Looking at the goods flow patterns, it’s possible to electrify nearly half of all transports with our line-up of electric trucks,” comments Roger Alm. “We see it as our mission to support our customers in making that happen.”
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Volvo Trucks is committed to leading the charge in the transition to electric trucks, and with its market-leading position, the company is poised to continue its growth and innovation in this sector.
