Volvo electric trucks are the best sellers in Europe and North America in the first quarter of the current year. According to the Swedish manufacturer and based on the data provided by IHS Markit, during the first quarter of 2023, a total of 600 electric trucks weighing 16 tons and more were registered in Europe, more than four times compared to the same period in 2022 (134). Volvo Trucks has the largest market share of this at 50%: an increase compared to 2022, when the company’s market share for the full year was 32%.
The markets with most electric trucks registered overall (including all brands) during the first quarter of 2023 were Germany, France, the Netherlands and the US. Volvo Trucks saw a strong increase in new truck orders during the first quarter of 2023. A total of 486 electric trucks were ordered, which is an increase of 141% compared to the same period in 2022. Most of these orders came from countries in the northern part of Europe, including the Netherlands, Germany, Norway and Sweden.
Decarbonizing transport: the role of Volvo electric trucks
“Our commitment to sustainable transport is clearly paying off. We are determined to work closely together with our customers to decarbonize truck transport”, says Roger Alm, President of Volvo Trucks. Volvo Trucks also maintains a leading position in North America, with nearly half of the heavy electric truck market.
After launching its first electric truck in 2019, Volvo Trucks has sold almost 5,000 electric trucks in about 40 countries – mainly in Europe and North America, but also in countries like Australia and Morocco. During 2023, the company will start to sell electric trucks to customers in South Africa, South Korea, India and markets in Latin America.