Volvo Trucks – The Market Leader in Electric Trucks in Europe and North America

Volvo Trucks is the leader in the heavy-duty electric truck segment (16 tons and above) in Europe for the fifth consecutive year. At the end of 2024, the company held a market share of 47 percent, and during the year, 1,970 electric Volvo trucks were registered in Europe. The five largest markets for Volvo electric trucks in 2024 were Germany, the Netherlands, Sweden, Norway, and Switzerland. Volvo Trucks also maintains a leading position in North America, with a market share of over 40 percent in the heavy-duty electric truck segment in 2024.

– We are proud to lead the transformation toward zero-emission transportation. We have an exceptionally broad range of electric trucks for regional, urban, and construction transport. Our next electric truck, which will soon hit the market, will be able to cover distances of up to 600 kilometers on a single charge, says Roger Alm, President of Volvo Trucks. – I want to thank all large and small transport companies who are pioneers and investing in electric trucks. I am proud that you have chosen Volvo as your partner on the path to zero-emission transportation. I also want to thank our dealers, suppliers, and colleagues within the Volvo Group.

Volvo Trucks, a company that began serial production of electric trucks in 2019, now has eight electric models in its lineup and has delivered more than 4,800 electric trucks to customers around the world so far.

– The presence of our electric trucks is growing rapidly. Our total fleet has surpassed more than 140 million kilometers in daily operations by customers worldwide. More and more electric trucks are being driven in new geographic areas, reducing emissions for our customers every day. It’s great to see that, adds Roger Alm.

IN FOCUS:

Electric Trucks Make Up Only 1.3 Percent of the Total Truck Market in Europe – Acceleration Needed

Photo: Volvo Trucks

In 2024, electric trucks constituted only 1.3 percent of the total truck market in Europe. Wider adoption of electric trucks relies on several factors, including the expansion of the public charging network, increased electricity grid capacity, a more favorable total cost of ownership for transport operators, public procurement of zero-emission transport services, and a sustainable supply chain.

– To accelerate the transition to zero-emission transport, it’s not enough to have electric trucks ready. According to our analyses, by 2030, we will need 40,000 fast chargers along European roads to support a total of 400,000 electric trucks. We also need more efficient economic policies to make the operation of electric trucks profitable for all transport companies, emphasizes Roger Alm. – We are in close dialogue with all stakeholders, because it is clear that much more needs to be done, and with a greater sense of urgency, to ensure an accelerated transformation.

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