What’s Happening: Volvo Trucks has sold over 4,300 electric trucks globally in more than 38 countries. In Europe, the company holds a 32% share of the market for heavy electric trucks, and in North America, nearly half of all heavy electric trucks registered in 2022 were Volvo trucks. The market for heavy electric trucks in Europe grew by 200% in 2022 to 1,041 trucks.
Why It Matters: Volvo Trucks’ market-leading position in the electric truck transformation is proof of its commitment to sustainability. The company aims to be the catalyst for this transition and has set a target for 50% of its global sales of new trucks to be electric by 2030.
Key Points:
- Volvo Trucks has sold over 4,300 electric trucks globally in more than 38 countries.
- The company holds a 32% share of the market for heavy electric trucks in Europe and nearly half of all heavy electric trucks registered in North America in 2022 were Volvo trucks.
- The market for heavy electric trucks in Europe grew by 200% in 2022 to 1,041 trucks.
- Volvo Trucks 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.
- The company aims for 50% of its global sales of new trucks to be electric by 2030.
Bottom Line: Volvo Trucks has established itself as a market leader in the electric truck transformation with its impressive sales of over 4,300 electric trucks in more than 38 countries. The company’s commitment to sustainability is further evidenced by its goal to have 50% of its global sales of new trucks be electric by 2030.
