Volvo Trucks takes European market leadership in heavy-duty electric trucks
Volvo Trucks states that it will have sold 1,970 electric Volvo trucks over 16 tonnes in Europe in 2024, giving it a market share of 47%. This puts the company at exactly the same level as in 2023 (1,977 vehicles delivered, 47.2% market share) and significantly above the 2022 result (32.3% market share at the time). Volvo has identified Germany, the Netherlands, Sweden, Norway and Switzerland as the five most important markets for electric trucks in 2024.
According to the latest ACEA statistics, heavy-duty trucks with plugs (fully electric and hybrid) accounted for 3,328 units (+29 per cent, after +240 per cent in the previous year) across the EU and 4,291 units (+31.5 per cent) including the EFTA states and the UK, which corresponds to an e-share of 1.2 and 1.4 per cent of new registrations respectively. As Volvo Trucks refers to BEV drives, but the ACEA also counts partially electric drives, the figures cannot be compared exactly. However, the high Volvo market share can be roughly calculated.
The Swedish company emphasises that they are the market leader in the heavy-duty electric truck segment of 16 tonnes or more in Europe for the fifth year in a row. In North America, too, the company will occupy a leading position with a market share of over 40 per cent in the heavy-duty electric truck segment in 2024. Unlike Renault below, the manufacturer does not provide a total number of electric trucks sold in 2024, including the medium-duty segment for Europe or overseas. The only global figure given by the company is that it has delivered more than 4,800 electric trucks worldwide since the start of series production of electric trucks in 2019.
Roger Alm, President of Volvo Trucks, stated that his company is proud to be leading the transition 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.”
Volvo Trucks intends to present this long-haul truck this year. With a slight delay, sister company Renault Trucks is also aiming for a variant of the electric 600-kilometre truck. However, the related brands have so far remained silent on the technical data.
Renault Trucks has also presented its electric balance sheet for 2024. According to this, the French company delivered 1,628 electric vehicles last year, including 1,003 medium and heavy-duty trucks and 625 light commercial vehicles. In the segment over 16 tonnes, the company reported a growing market share of 24.2 percent. Renault Trucks is aiming for an increase to over 2,000 electric vehicles by 2025. However, this also includes light electric commercial vehicles. The number of electric vehicles ordered in 2024 has risen by 36 per cent compared to the previous year, according to the company.
“Renault Trucks closes 2024 with strong performance, resolutely continuing its transformation towards sustainable transport. We continue to invest in supporting our customers in their energy transition while consolidating our positions in our strategic markets,” explained Bruno Blin, President of Renault Trucks. His company is also pursuing a decarbonisation strategy for its own logistics flows: According to Blin, transports between the plants in Saint-Priest and Bourg-en-Bresse have been carried out with electric trucks since 2024, and all transport between the manufacturer’s production sites is to be electric by 2030.
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