New Delhi

Volvo’s management declared that electric trucks’ fleet has recorded more than 80 million kilometers of movement in commercial operations globally since 2019. This achievement translates into significant environmental benefits: if the same distance were to have been covered by diesel fuel lorries, this would have used over 25 million litres of diesel fuel apart from cutting down on carbon dioxide emissions by 68,000 tonnes.

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Volvo’s trustworthy President, Roger Alm, stated that he was pleased with the fact of growing interest of transportation companies in electric trucks. He stressed that they will play a part in moderating the transport sector’s share of world CO2 emissions which currently accounts for 7 per cent. Alm acknowledged early movers as key to proving that electric trucks are capable of cutting the sector’s climate footprint by a significant margin.

Through being the first to operate in the electric truck segment, Volvo Trucks has acquired experience in zero-emission transport options. It is crucial in formulating the future electric cars lineup of the Volvo the car manufacturing company.

Electric trucks contribute to the working conditions of a driver too as the inside of the cabin is considerably less noisy and less vibrating compared to their ICE counterparts. However, first movers who invest in electric trucks and charging stations have a competitive advantage because they present clean transport solutions attractive to first movers in the transportation sector.

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Worldwide, Volvo Truck Corporation electric commercial vehicles’ sales increased by a factor of 2.56 in 2023 amounting to 1977 trucks. This growth implies that customers are still very much interested since Volvo was able to secure a 56 per cent market share in Europe and 44 per cent in the United States in the electric truck segment during the recent periods.

Volvo Trucks has managed to place electric trucks beyond 3,500 in 45 countries and six continents. In 2023, Volvo further increased its market share by starting heavy electric trucks in Latin America mainly in Brazil, Chile, Uruguay, and Morocco; South Korea; and Malaysia.

Roger Alm observed that besides the transport companies, there is also increased effort from logistics service consumers who are also signing up to sustainability goals such as SBTi. This trend is also now expanding the shifting of the delivery trucks to electric models in the market space.

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Today’s electric line in Volvo includes truck models Volvo FL Electric, Volvo FE Electric, Volvo FM Electric, Volvo FM Low Entry, Volvo FMX Electric, Volvo FH Electric, Volvo FH Aero Electric, and Volvo VNR Electric to suit everything from city delivery to regional transport and construction. Volvo FH Electric presents another landmark reference to Volvo Company which was distinguished as the International Truck of the Year 2024.