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Volvo Trucks has signed a letter of intent to sell 1,000 electric trucks between now and 2030 to Swiss building products manufacturer Holcim.

The deal is the largest commercial order to date for Volvo electric trucks. The first batch of 130 electric Volvo FH and Volvo FM trucks will be delivered during the fourth quarter of 2023 and throughout 2024 to markets including the UK, France, Germany and Switzerland.

The agreement is a result of a wider partnership between Holcim and Volvo group.

Volvo said that by replacing 1,000 existing Volvo FH diesel trucks with Volvo FH Electric trucks using green
electricity on a typical route, up to 50,000 tonnes of CO2 could be saved every year.

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Both companies are committed to the Science-based targets initiative (SBTi), which drives ambitious climate action in the private sector, and both are also founding members of First Movers Coalition (FMC) – a coalition of companies that use their purchasing power to create early markets for innovative clean technologies across eight 'hard-to-abate' sectors.

Commented Volvo group chief executive and president Martin Lundstedt: “Long-term collaboration and a strong commitment to really make a difference are essential for making big CO2 reductions a reality. I’m very proud of the partnership we have developed with Holcim, and the results we are achieving together."

Added Jan Jenisch, chairman and chief executive of Holcim: “The net-zero transition requires deep collaboration across value chains. We are excited to be partnering with Volvo to decarbonise our European operations’ logistics with electric fleets, advancing our goal to reach 30% of zero-emission heavy-duty trucks by 2030."

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