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Volvo Trucks claims the lead in Europe’s electric truck market

Sales of heavy-duty battery-electric trucks are starting to climb in Europe, and Volvo Trucks claims to have established a leading market share of 42% in 2021. The company took orders for more than 1,100 electric trucks worldwide.

Volvo cites statistics from the market analysis group IHS Markit, which found that some 346 electric trucks (16 tons and over) were registered in Europe in 2021—an increase of 193% from 2020.

The European country with the most electric trucks registered in 2021 was Switzerland, with 77 e-trucks, followed by Norway (56 trucks), Sweden (47), the Netherlands (42) and Germany (37).

Volvo Trucks started serial production of electric trucks in 2019, and currently has five models available for order in Europe, and one in the US. Production of the new Volvo FH, FM and FMX models is to begin in Europe this fall. The company hopes to make half of its total truck sales electric by 2030.

“We are determined to drive the electric truck revolution, and our market leading position in Europe is proof that we are doing just that,” says Roger Alm, President of Volvo Trucks. “Even if volumes are still low, we see rapidly growing interest, both in Europe, North America and in other parts of the world. In 2021 we have taken orders, including letters of intent to buy, for more than 1,100 trucks in over 20 countries. I’m convinced it’s becoming a key competitive advantage to offer electric, zero-emission transports. With the broader electric truck line-up, it will be possible to electrify nearly half of heavy road transports. This proportion will grow even larger as the distance that electric trucks can drive increases and the charging infrastructure for heavy trucks becomes further developed.”

Source: Volvo Trucks

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