Volvo Trucks leads Europe’s heavy electric vehicle industry for fifth consecutive year

MILAN (ITALPRESS) – Volvo Trucks is the leader in the heavy electric vehicle segment (16 tons and above) in Europe for the fifth consecutive year. By the end of 2024, the company achieved a segment share of 47 percent, and 1,970 Volvo electric trucks were registered in Europe during the year. The top five markets for Volvo electric trucks in 2024 were Germany, the Netherlands, Sweden, Norway and Switzerland. Volvo Trucks also holds a leading position in North America, with a share of the electric heavy truck segment exceeding 40 percent in 2024.

Le parole del presidente Alm

“We are proud to lead the transformation to zero-emission transportation. We have a very strong portfolio of electric trucks for regional, urban and construction transport. Our next heavy electric vehicle on the market will travel longer distances, up to 600 kilometers on a single charge,” said Roger Alm, President of Volvo Trucks. “I want to thank all transportation companies, large and small, who are leading the way and investing in electric vehicles. I am very proud that you have chosen Volvo as your partner in the journey to zero emissions. I also want to thank our dealers, suppliers and colleagues in the Volvo Group.”

Volvo Trucks, which began mass production of electric trucks in 2019, now has 8 electric vehicle models in its product range and has delivered more than 4,800 in total to customers around the world. “The footprint of our electric trucks is growing rapidly. Our total fleet has driven more than 140 million kilometers in customer operations around the world. Every day more and more electric heavy-duty vehicles are running in new geographic areas and reducing emissions for our customers. And that is a great thing to see,” says Roger Alm.

In 2024, electric trucks accounted for only 1.3 percent of the total market in Europe. Wider adoption of heavy electric vehicles depends on several factors, such as expansion of public charging infrastructure, including grid capacity, a more favorable total cost of ownership for transport operators, public procurement for zero-emission transport, and a sustainable supply chain. “To accelerate the transition to zero-emission transportation, it is not enough to have electric trucks ready. According to our analysis, we will need 40,000 fast chargers along European roads, for a potential total of 400,000 electric trucks by 2030. We also need more efficient economic policies that make electric truck operations profitable for all transport companies,” says Roger Alm. “We are in close dialogue with all stakeholders, because it is clear that much more needs to be done, and with greater urgency, to ensure that the transformation is accelerated.”

– Volvo Trucks press office photo –

(ITALPRESS).