Volvo Trucks still leads the electric truck market in Europe and North America
A total of 1,970 electric Volvo trucks were registered in Europe during the year. The top five markets for Volvo’s electric trucks in 2024 were Germany, the Netherlands, Sweden, Norway and Switzerland. Volvo Trucks also has a leading position in North America (the U.S. and Canada), with a heavy electric truck segment share of more than 40% in 2024.
According to Volvo Trucks, 47% of all electric trucks registered in Europe in 2024 are made by Volvo. Indeed, the Swedish manufacturer claims the lead for the fifth year in a row. We’re talking about the truck market segment over 16 ton, and considering the EU 27 plus the UK, Norway and Switzerland.
A total of 1,970 electric Volvo trucks were registered in Europe during the year. The top five markets for Volvo’s electric trucks in 2024 were Germany, the Netherlands, Sweden, Norway and Switzerland. Volvo Trucks also has a leading position in North America (the U.S. and Canada), with a heavy electric truck segment share of more than 40% in 2024.
Volvo Trucks in Europe: 47% e-truck market share
Volvo Trucks started serial production of electric trucks in 2019, now has 8 electric truck models in its product range and has delivered more than 4,800 electric trucks in total to customers worldwide. “We are proud to be leading the transformation to zero emission transport. We have a very strong electric truck portfolio for regional, city and construction transport. Our next electric truck to the market will be running longer distances of up to 600 kilometers on one single charge,” said Roger Alm, President Volvo Trucks.
Indeed, in 2024, electric trucks represented only 1.3% of the total truck market in Europe. According to Volvo Trucks, a broader adoption of electric trucks is dependent on several factors, such as the expansion of public charging infrastructure including electric grid capacity, a more favorable total cost of ownership for transport operators, public procurement of zero exhaust emissions transport and a sustainable supply chain.
“In order to accelerate the shift to zero emission transport, it’s not sufficient that we have the electric trucks ready. According to our analysis, we will need 40,000 fast chargers along European roads, for a potential total of 400,000 electric trucks by 2030. We also need more efficient economic policies that make electric trucks operations profitable for all transport companies,” added Roger Alm.
