Volvo trucks releases its financials for the FY2023
Volvo Trucks has the largest market share of this at 50%, an increase compared to 2022
Gothenburg- Volvo Trucks AB., the Swedish truck manufacturer has sold almost 5,000 electric trucks in about 40 countries. Now, its electric product range is being made available in new markets in Asia, Latin America and Africa.
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%.
“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 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.
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.
Last year, Volvo added the three most popular 44-ton heavy-duty trucks to its electric lineup: the Volvo FH, the Volvo FM, and the Volvo FMX. Currently, Volvo Trucks is scaling up production of electric trucks at three plants: in Gothenburg, Sweden; in Blainville, France; and in New River Valley, US.
