Volvo Trucks and Holcim Forge partnership to deploy 1,000 electric trucks by 2030.

Volvo Trucks has inked a significant letter of intent with Holcim, one of the world’s leading building solution providers. The agreement entails the sale of 1,000 electric trucks by Volvo to Holcim over the next seven years, marking the largest commercial order of electric trucks for Volvo to date. This momentous deal highlights the accelerating shift towards greener solutions in the transportation industry.

The initial batch of 130 electric Volvo FH and Volvo FM trucks is set to be delivered in the fourth quarter of 2023 and throughout 2024 to several key markets, including France, Germany, Switzerland, and the UK. As a global manufacturer of building solutions, Holcim will strategically deploy these electric vehicles across its operations in Europe, to achieve substantial environmental benefits and advance its commitment to sustainability.

The agreement between both the companies is an integral part of their wider partnership, which has fostered collaboration on various initiatives. Both companies are aligned in their dedication to the Science-based Targets initiative, a global campaign that urges businesses to adopt ambitious climate actions. Additionally, they are founding members of the esteemed First Movers Coalition (FMC), an influential consortium committed to driving sustainable practices in the private sector.

By transitioning from diesel-powered trucks to electric alternatives, Holcim and Volvo Trucks anticipate significant reductions in carbon emissions. The replacement of 1,000 existing Volvo FH diesel trucks with electric counterparts, powered by green electricity, has the potential to eliminate up to 50,000 tons of CO2 annually. This eco-conscious move demonstrates the transformative power of electrification in the commercial transportation sector, setting a benchmark for other companies to follow.

“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,” says Martin Lundstedt, President & CEO Volvo Group.

“The net-zero transition requires deep collaboration across value chains. We are excited to be partnering with Volvo to decarbonize our European operations’ logistics with electric fleets, advancing our goal to reach 30% of zero-emission heavy-duty trucks by 2030,” says Jan Jenisch, Chairman and CEO of Holcim.

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