Volvo is the market leader in electric trucks in Europe for 2021
Written by Daniel Andzhurov – February 17, 2022
Reviewed by Asaf Kedem
Recent statistics by IHS Markit show that Volvo Trucks is the market leader in heavy all-electric trucks in Europe in 2021 with a market share of 42%.
Europe is leading the transition of the global transport industry into more sustainable transport, with sales of heavy-duty battery-powered electric trucks starting to grow. An increasing number of heavy all-electric trucks are already involved in commercial traffic. Statistics from market analyst IHS Markit show that in 2021 a total of 346 electric trucks (≥16 tons) were registered in Europe – an increase of 193% compared to 2020. Volvo Trucks has the largest market share – 42%. The countries in Europe with the most registered electric trucks are Switzerland, Norway, Sweden, and the Netherlands.
"We are determined to move the electric truck revolution forward, and our leading market position in Europe is proof that we are doing just that. Even if the volumes are still small, we are seeing ever-increasing interest, both in Europe and in North America and other parts of the world. In 2021, we took orders, including letters of intent, for over 1,100 trucks in more than 20 countries. I am convinced that offering electric trucks for zero-emission transport is becoming a key competitive advantage,” said Roger Alm, President of Volvo Trucks. Volvo Trucks started mass production of electric trucks in 2019, ranking among the first in the world.
When the production of the heavy-duty all-electric Volvo FH, Volvo FM and Volvo FMX begins this autumn, Volvo will have the most complete range of electric vehicles in the global truck industry. The company's goal is that by 2030, half of the trucks sold will be electric.
Auto Trendy’s take:
It is not very surprising that a premium brand truck company like Volvo is leading an innovative change movement. We, at Auto Trendy, believe that they are amongst the ones that should be on the front line of this evolution. Large manufacturers, with years of expertise and inimitable qualities, should be the spirit of change, and if they are not, they are doing something wrong. Well, Volvo seems to be on the right track!