Volvo Trucks has signed a letter of intent with Switzerland-based building solution provider Holcim to supply 1,000 electric trucks by 2030.
According to Volvo, this deal represents the largest commercial order to date for its electric trucks, with the initial delivery of 130 trucks scheduled for 2023 and 2024.
Holcim and its contractors plan to integrate Volvo electric trucks into their operations across Europe by the end of 2030. The first batch of the trucks, consisting of Volvo FH and Volvo FM models, are expected to be deployed in countries such as France, Germany, Switzerland, and the U.K. in the last quarter of 2023 and throughout 2024.
The switch from 1,000 existing Volvo FH diesel trucks to Volvo FH Electric trucks, powered by renewable electricity, is expected to reduce CO2 emissions by up to 50,000 tons annually.
“The net-zero transition requires deep collaboration across value chains,” said Jan Jenisch, Chairman and CEO of Holcim. “We are excited to be partnering with Volvo to decarbonize our European operations’ logistics with electric fleets, advancing our goal to reach 30 percent of zero-emission heavy-duty trucks by 2030.”
Both companies are committed to the Science-based Targets initiative, which drives ambitious climate action within the private sector. Additionally, they are founding members of the First Movers Coalition (FMC), which is a coalition of companies that use their purchasing power to create early markets for innovative clean technologies across eight hard-to-abate sectors.