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Volvo Trucks has been the market leader in the heavy electric truck segment (over 16 tons) in Europe for the fifth consecutive year. By the end of 2024, the company’s market share was 47 percent, and throughout the year, 1,970 electric Volvo Trucks were registered in Europe. The top five markets in 2024 for Volvo’s electric trucks were Germany, the Netherlands, Sweden, Norway, and Switzerland.
(Ismaning) In North America, Volvo Trucks also holds a leading position with a market share of over 40 percent in the heavy electric truck segment in 2024. “We are proud to lead the transition to emission-free transport. We have a very strong portfolio of electric trucks for regional, urban, and construction traffic. Our next electric truck will be able to cover longer distances of up to 600 kilometers on a single charge,” says Roger Alm, President of Volvo Trucks.
“I would like to sincerely thank all transport companies that are investing as pioneers in electric trucks. I am proud that you have chosen Volvo as a partner on the path to an emission-free future. A special thanks also goes to our market partners, suppliers, and colleagues in the Volvo Group.” Volvo Trucks began series production of electric trucks in 2019 and now has eight electric truck models in its portfolio. More than 4,800 electric trucks have been delivered to customers worldwide.
“The use of our electric trucks is increasing rapidly. Our entire fleet has now covered more than 140 million kilometers in customer operations. More and more electric trucks are on the road, reaching new geographical areas and reducing emissions for our customers day by day. It is great to see,” Roger Alm continues.
Electric Trucks Make Up 1.3% of the Total Truck Market in Europe
In 2024, the share of electric trucks in Europe was only 1.3%. A broader acceptance of electric trucks depends on several factors, including the expansion of public charging infrastructure, including grid capacity, a more attractive total cost of ownership calculation for transport companies, public procurement measures for emission-free transport, and a sustainable supply chain.
“To accelerate the transition to emission-free transport, it is not enough to provide electric trucks. Our analysis shows that by 2030, around 40,000 fast charging stations will be needed along European roads to support a potential fleet of 400,000 electric trucks. Additionally, we need economic conditions that make the operation of electric trucks profitable for all transport companies,” explains Roger Alm. “We are in close dialogue with all stakeholders, as it is clear that much more needs to be done – and urgently – to ensure that the transition progresses faster.”
Photo: © Volvo Trucks
