GOTHENBURG, Sweden, May 11, 2023
/PRNewswire/ -- Volvo Trucks leads the market for heavy
electric trucks after the first quarter of 2023, both in
Europe and in North America. In total, the Swedish truck
manufacturer has sold almost 5,000 electric trucks in about 40
countries. Now, its electric product range is being made available
in new markets in Asia,
Latin America and Africa.
During the first quarter of 2023, a total of 600 electric trucks
weighing 16 tons and more were registered in Europe – more than four times compared to the
same period in 2022 (134). Volvo Trucks has the largest market
share of this at 50%: an increase compared to 2022, when the
company's market share for the full year was 32%.
Volvo Trucks also maintains a leading position in North America, with nearly half of the heavy
electric truck market.
"Our commitment to sustainable transport is clearly paying off.
We are determined to work closely together with our customers to
decarbonize truck transport," says Roger
Alm, President of Volvo Trucks.
The markets with most electric trucks registered overall
(including all brands) during the first quarter of 2023 were
Germany, France, the
Netherlands and the US.
Increasing order intake
Volvo Trucks saw a strong increase in new truck orders during the
first quarter of 2023. A total of 486 electric trucks were ordered,
which is an increase of 141% compared to the same period in 2022.
Most of these orders came from countries in the northern part of
Europe, including the Netherlands, Germany, Norway and Sweden.
5,000 trucks in 40 countries
After launching its first electric truck in 2019, Volvo Trucks has
sold almost 5,000 electric trucks in about 40 countries – mainly in
Europe and North America, but also in countries like
Australia and Morocco. During 2023, the company will start
to sell electric trucks to customers in South Africa, South
Korea, India and markets in
Latin America.
Six electric models
Last year, Volvo added the three most popular 44-ton heavy-duty
trucks to its electric lineup: the Volvo FH, the Volvo FM, and the
Volvo FMX. With these new additions, Volvo Trucks has six electric
truck models in series production, giving it the industry's most
extensive portfolio of zero exhaust emission trucks.
Currently, Volvo Trucks is scaling up production of electric
trucks at three plants: in Gothenburg,
Sweden; in Blainville, France; and in New River Valley, US. In the
third quarter of 2023, serial production will also start at Volvo's
largest factory in Ghent, Belgium.
Charging infrastructure required
Thousands of public charging points for heavy trucks will be needed
to scale up the volumes of electric trucks. Volvo Group will,
together with Daimler and Traton, build at least 1.700
high-performance green energy public chargers all around
Europe. The group is also
investing in a charging corridor in North
America.
Volvo Trucks is aiming for 50% of global sales of new trucks to
be electric in 2030, and 100% to be net-zero emission by 2040.
Note that:
- All references to Europe mean
the European Union plus Norway and
Switzerland.
- The Volvo market share and overall growth data referenced for
heavy (≥16 tonnes) electric trucks Europe includes content supplied by IHS
Markit.
- North America means
USA and Canada. The Volvo Trucks market share position
for North America is based on
intelligence supplied by Volvo Trucks North America.
May 11, 2023
For further information, please contact:
Helena Lind
Media Relations Director, Volvo Trucks
helena.lind@volvo.com
+46 76 5536257
Press images and films are available in the Volvo Trucks
image and film gallery at http://images.volvotrucks.com.
Volvo Trucks supplies complete transport solutions for
discerning professional customers with its full range of medium-
and heavy-duty trucks. Customer support is provided via a global
network of dealers with 2,300 service points in about 130
countries. Volvo trucks are assembled in 12 countries across the
globe. In 2022 approximately 145,000 Volvo trucks were delivered
worldwide. Volvo Trucks is part of the Volvo Group, one of the
world's leading manufacturers of trucks, buses, construction
equipment and marine and industrial engines. The group also
provides complete solutions for financing and service. Volvo
Trucks' work is based on the core values of quality, safety and
environmental care.
The following files are available for download:
https://mb.cision.com/Main/39/3767823/2053031.pdf
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SOURCE AB Volvo