Volvo Trucks, a member of the Slovak Electric Vehicle Association (SEVA), dominates the heavy electric truck segment in Europe for the fifth consecutive year. With a market share of 47%, it maintains its leading position and remains the market leader in North America.
Last year, 1,970 Volvo electric trucks were registered in Europe. The five largest markets were Germany, the Netherlands, Sweden, Norway and Switzerland. In North America, the share of the heavy-duty electric truck segment reached more than 40%.
“We are proud to be at the forefront of the transition to zero-emission transport. We have a very strong portfolio of electric trucks for regional, urban and construction transport. Our next electric truck to be launched will travel longer distances, up to 600 kilometres on a single charge,” says Roger Alm, President of Volvo Trucks. “I want to thank all the transport companies, large and small, who are pioneering and investing in electric trucks. I am proud that they choose Volvo as their partner on the road to zero emissions. I also want to thank our dealers, suppliers and colleagues within the Volvo Group.”
Volvo Trucks, which began mass production of electric trucks in 2019, now has eight electric truck models in its production program and has delivered a total of more than 4,800 electric trucks to customers around the world.
“The quantity of our electric trucks is increasing rapidly. Our total fleet has now covered more than 140 million kilometres in customer operations around the world. Every day there are more and more electric trucks driving around the world, reducing our customers’ emissions. It’s great to see that,” says Roger Alm.
The map shows the increase in the number of Volvo electric trucks in Europe from the beginning of 2023 (left) to mid-2024 (right).
Electric trucks make up 1.3% of the total truck market in Europe – more needs to be done to accelerate the transition.
However, in 2024, electric trucks accounted for only 1.3% of the total truck market in Europe. Higher adoption of eHDVs depends on expanded public charging infrastructure, including electric grid capacity, more favourable total cost of ownership for transport operators, public procurement of zero-emission transport, and a sustainable supply chain.
“It is not enough to have electric trucks ready to accelerate the transition to zero-emission transport. According to our analysis, we will need 40,000 fast chargers along Europe’s roads, representing a potential total of 400,000 electric trucks by 2030. We also need more effective economic policies to ensure that the operation of electric trucks is profitable for all transport companies,” says Roger Alm. “We are in close dialogue with all stakeholders because it is very clear that much more needs to be done, and with greater urgency, to ensure that the whole transformation is accelerated.”