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The Volvo Group has announced plans to sell electric versions of its trucks, starting in 2021, on the European market.
The range of the trucks could reach 300 kilometers and series production will begin in 2022, according to a statement from the Swedish truck manufacturer.
“We are committed to continuing to lead our industry towards a sustainable future,” said Roger Alm, President of Volvo Trucks.
Gradual transition to a heavy electric future
Volvo is aiming for 35% of the trucks it sells to be zero-emission vehicles by the end of this decade and plans to gradually reduce production of fossil-burning trucks by 2040.
“We need to have rolling stock that is 100% fossil fuel free globally by 2050 at the latest,” said Martin Lundstedt, CEO of Volvo.
“Transformation and change will happen segment by segment, market by market and region by region.”
The development comes as truck manufacturers struggle to get zero-emission vehicles on the roads. In addition to traditional rivals such as Daimler AG, Scania and Paccar Inc., Traton SE, Volvo also faces new competitors, including Nikola Motor Co. from the US and BYD Co.
“Numerous signs of R&D ambitions and spending, development work and new products have indicated that Volvo is ahead of its peers. In our opinion, today’s news confirms this, “said Magnus Behm and Anders Roslund, Pareto analysts.
One of the main obstacles to the electrification of heavy vehicles is the weight of the battery, which makes it difficult to build trucks capable of transporting goods over long distances.
The range of Volvo electric trucks that will go on sale next year is designed for regional transport and urban construction and the company hopes a joint venture with Daimler will allow it to offer long-distance vehicles by the end of this decade. .
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