Volvo leads the growing market for electric trucks

Volvo Trucks has sold more than 4,300 electric trucks worldwide in more than 38 countries. In Europe, Volvo Trucks is the market leader with a 32% share of the electric heavy-duty truck market and in North America, almost half of all electric heavy-duty trucks registered in 2022 were Volvo trucks.

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

“We are determined to lead the transformation of electric trucks and our leading market 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, the trend is clear: many of our customers are now starting their own switch to electric. We want to be the catalyst for this transition and aim for 50% of our global new truck sales to be electric by 2030,” says Roger Alm, President of Volvo Trucks.