Volvo Trucks Receives Record Order for up to 1,000 Electric Trucks

Volvo Trucks has signed a letter of intent to sell 1,000 electric trucks between now and  2030 to Holcim, one of the world's largest building solution providers. The deal is the largest commercial order to date for Volvo electric trucks, and the first 130 trucks will be delivered in 2023 and 2024.

The first 130 heavy electric Volvo FH and Volvo FM trucks will be delivered to markets including France, Germany, Switzerland and the UK during the fourth quarter of 2023 and throughout 2024.

The agreement is a result of a wider partnership between Holcim and Volvo Group.

By replacing 1,000 existing Volvo FH diesel trucks with Volvo FH Electric trucks using green electricity on a typical route, up to 50,000 tons of CO2 could be saved every year.

Martin Lundstedt, President & CEO Volvo Group, says: "Long-term collaboration and a strong commitment to really make a difference are essential for making big CO2 reductions a reality. I'm very proud of the partnership we have developed with Holcim, and the results we are achieving together," says Martin Lundstedt, President & CEO Volvo Group.

Jan Jenisch, Chairman and CEO of Holcim, adds: "The net-zero transition requires deep collaboration across value chains. We are excited to be partnering with Volvo to decarbonize our European operations' logistics with electric fleets, advancing our goal to reach 30% of zero-emission heavy-duty trucks by 2030," says Jan Jenisch, Chairman and CEO of Holcim.

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.