New statistics show that Volvo Trucks will be the market leader in the heavier all-electric trucks segment in 42 with a market share of 2021% in Europe. In 2021, the manufacturer issued more than 1.100 orders or letters of intent for electric trucks worldwide. As the sales of battery-electric trucks pick up, the transformation to more sustainable transport within the international truck industry is increasingly becoming a reality. Europe is leading the way in this regard. There are now more and more heavier fully electric trucks in commercial transport.
Statistics from the market analysis group IHS Markit show that a total of 2021 electric trucks (≥346 tons) will be registered in Europe in 16, an increase of 193% compared to 2020. Volvo Trucks has the largest market share with 42%. The countries in Europe with the most registered electric trucks (≥16 tons) are Switzerland, Norway, Sweden and the Netherlands (Source: IHS Markit, ihsmarkit.com. Europe excluding VKx).
“We are determined to drive the electric truck revolution and our leading market position in Europe is proof that we are doing just that. Although volumes are still low, we are seeing a fast-growing interest in Europe, North America and other parts of the world. By 2021, we will have accepted more than 20 orders or letters of intent for electric trucks in more than 1.100 countries worldwide. I am convinced that it will be an important competitive advantage to offer electric, emission-free transport”.
Volvo Trucks was one of the very first truck brands in the world to start serial production of electric trucks in 2019. When production of the all-electric heavier-duty models – Volvo FH, Volvo FM and Volvo FMX – begins production this autumn, Volvo will have the most complete electric range in the global truck industry. The manufacturer has supplied electric vehicles to a large number of customers in Europe, North America and Australia. The company's goal is that by 2030, half of all truck sales will be electric, it said Volvo Trucks.
“These figures clearly show that we have made a very good start in sales. With the wider range of electric trucks, it will be possible to electrify almost half of heavy road transport. This share will increase as the distance covered electric trucks will increase and the charging infrastructure for heavy trucks will be further developed”.
Photo above: Volvo Trucks image bank.
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