Volvo Trucks sees 141% heavy electric truck order increase Y/Y

Volvo Trucks sees 141% heavy electric truck order increase Y/Y

Since launching its first electric truck in 2019, Volvo Trucks says it has sold almost 5,000 electric trucks.

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 says that it 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 adds it also maintains a leading position in the U.S. and Canada, with nearly half of the heavy electric truck market. The markets with the most electric trucks registered overall (including all brands) during the first quarter of 2023 were Germany, France, the Netherlands and the U.S.

Volvo Trucks says it saw an 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.

Since launching its first electric truck in 2019, Volvo Trucks says it has sold almost 5,000 electric trucks in about 40 countries – mainly in Europe and North America, but also in countries like Australia, Chile 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.

Last year, Volvo added three 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.

Currently, Volvo Trucks says it 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.

Thousands of public charging points for heavy trucks will be needed to scale up the volumes of electric trucks. The company says that 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 says it is aiming for 50% of global sales of new trucks to be electric in 2030, and 100% to be net-zero emission by 2040.

You May Also Like

MIT EV team creates open-source, hydrogen-fuel-cell motorcycle

The DM15 fuel cell module is already in use in several applications, including drones, material handling, and backup power.

MIT-Electric-Vehicle-Team-Doosan-Mobility-hydrogen-electric-motorcycle-1400

The MIT Electric Vehicle Team (MIT EVT), a student-run team on MIT's campus, is partnering with Doosan Mobility Innovation (DMI) to build a hydrogen-powered motorcycle. The team members say they believe that battery-powered vehicles (BEVs) are a stepping-off point to hydrogen vehicles (FCEVs), which can solve the range issues of BEVs and address concerns surrounding lithium mining.

Carrier Transicold debuts Supra eCool truck refrigeration

Commercial availability in North America is slated for later this year.

Carrier-Transicold-Supra-eCool-Models-1400
Ayro opens pre-orders for 2023 utility low-speed EV

Use cases for the Vanish include corporate campuses, hotels and resorts, golf courses and urban delivery.

AYRO-Low-Speed-EV-1400
Walmart receives first in fleet of electric terminal tractors

Every E-ACTT can work a 22-hour shift and is capable of recharging in as little as three hours.

Autocar-Electric-Terminal-Tractor-Walmart-1400
Most Americans say they would be comfortable driving an EV

However, interest in purchasing an ICE vehicle is still high, as 34% of Americans said a practical vehicle appeals most.

EV-driver-comfort-Hankook-Survey-1400

Other Posts

Autocar announces ‘Power Up’ program to finance electric fleets

The “Power Up” program is a vehicle financing solution that is designed to help customers grow their electric fleets.

Autocar-Electric-Terminal-Tractor-Walmart-1400
Bridgestone rolls out its first EV-specific tire

The first sizes for the Turanza EV tire include fitments for Tesla Model 3, S, X and Y, as well as the Ford Mustang Mach-E.

Bridgestone-EV-Touring-Tire-1400
Michelin puts $300M into Canadian EV, sustainability endeavors

The investment will, in part, allow for the installation of new technologies needed for manufacturing EV tires.

Michelin-EV-investment-1400
Mullen to begin Class 3 EV production at Mississippi plant

Mullen has partnered with NRTC for assembly line installation, which includes robotics and automation systems.

mullen-three-class-3-ev-cab-chassis-truck-1400