PRESS RELEASE

Volvo Moves 4300 Electric Semi Trucks

February 24, 2023

The electric semi wars are heating up, but Volvo trucks has a sizeable lead with more than 4300 electric semi trucks on the roads!

The Swedish truck-maker has nearly 70% of the US electric heavy truck market, and is expanding its lead with new freight partnerships and 25 new electric semi dealers, the brand announced this week. The brand now has certified EV dealers in 15 states — California, Florida, Idaho, Indiana, Massachusetts, Minnesota, Missouri, New Jersey, New York, Ohio, Oregon, Pennsylvania, Tennessee, Texas, and Virginia — and three Canadian provinces — British Columbia, Ontario, and Quebec. Volvo Trucks is on track to certify numerous additional dealer locations across North America in 2023 as it progresses toward its goal of building a robust coast-to-coast dealer support network for battery-electric trucks.

“Volvo Trucks is leading the deployment of Class 8 battery-electric trucks across North America by collaborating with our dealer network to provide customers comprehensive sales and service support,” said Peter Voorhoeve, president, Volvo Trucks North America. “Selling the truck is only part of the equation; it takes an entire support ecosystem to successfully transition to battery-electric trucks. Without our dealer partners, accelerating the shift towards the widespread commercial adoption of electric vehicles would not be possible.”

You can check out the official press release from Volvo, below, and let us know what you think of the Ironmark’s chances in the growing space in the comments.

Volvo Leads the Booming Market for Electric Trucks

Break-through: Volvo Trucks starts series production of heavy electric trucks — _{Image courtesy Volvo Trucks.}

Last year, the number of heavy electric trucks on the roads in Europe and the United States grew faster than ever before. Volvo Trucks have now sold more than 4,300 electric trucks globally in more than 38 countries. In Europe, Volvo Trucks is the market leader with a 32% share of the market for heavy electric trucks, and in North America, nearly half of all heavy electric trucks registered in 2022 were Volvo trucks.

In 2022 the market for heavy (≥16 tonnes) electric trucks in Europe, grew by 200% to 1,041 trucks, and Volvo Trucks holds the highest share of this market.

“We are determined to lead the electric truck transformation and our market leading position in 2022, not only in Europe, but also in North America and other markets, is proof that we are doing just that. Although, the market for electric trucks is still small, but the trend is clear: many of our customers are now starting their own shift to electric. We intend to be the catalyst for this transition and aim for 50% of our global sales of new trucks to be electric in 2030,” says Roger Alm, President of Volvo Trucks.

Since Volvo Trucks started production of fully electric trucks in 2019, the company has sold more than 4,300 electric trucks in more than 38 countries around the world. Volvo currently offers the industry´s broadest product line-up with six products in series production, catering to a very wide variety of transports in and between cities.

“We now have a product portfolio that can cover most types of transportation for all kinds of customers. Looking at the goods flow patterns, it’s possible to electrify nearly half of all transports with our line-up of electric trucks,” comments Roger Alm. “We see it as our mission to support our customers in making that happen.”