New statistics show that Volvo Trucks was the market leader for heavy all-electric trucks in Europe in 2021 with a market share of 42%. The company took orders, including letters of intent, for more than 1,100 electric trucks worldwide.

The international trucking industry is undergoing a transformation towards more sustainable transport as sales of heavy battery electric trucks start to pick up, with Europe in the lead.

Statistics from the market analysis group IHS Markit show that during 2021 a total of 346 electric trucks over 16 tonnes were registered in Europe – an increase of 193% from 2020. Volvo Trucks has the largest market share at 42%. European countries with the most electric trucks registered over 16 tonnes are Switzerland, Norway, Sweden and the Netherlands.

Roger Alm, President of Volvo Trucks said, “We are determined to drive the electric truck revolution and our market leading position in Europe is proof that we are doing just that. Even if volumes are still low, we see rapidly growing interest, both in Europe, North America and in other parts of the world. In 2021 we have taken orders, including letters of intent to buy, for more than 1,100 trucks in over 20 countries. I’m convinced it’s becoming a key competitive advantage to offer electric, zero emission transports.”

Volvo says that when production of its heavy duty all-electric models Volvo FH, Volvo FM and Volvo FMX begins this autumn, it will have the most complete electric line-up in the global truck industry. The company has set a target to make 50% of its total truck sales electric by 2030.

Photo: Volvo leads the electric truck market in Europe