Volvo Trucks has signed a letter of intent to sell 1,000 electric trucks between now and 2030 to Holcim, one of the world's largest building solution providers. The deal is the largest commercial order to date for Volvo electric trucks, and the first 130 trucks will be delivered in 2023 and 2024.

Holcim is a global provider of building solutions, with headquarters in Switzerland. Now, the company and its contractors have, with Volvo Trucks, agreed to plan for the deployment of 1,000 electric Volvo trucks across Holcim's operations in Europe between now and 2030.

The first 130 heavy electric Volvo FH and Volvo FM trucks will be delivered to markets including France, Germany, Switzerland and the UK during the fourth quarter of 2023 and throughout 2024.

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

"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," said Martin Lundstedt, president and 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 percent of zero-emission heavy-duty trucks by 2030," said Jan Jenisch, chairman and CEO of Holcim.

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 tons of CO2 could be saved every year, the company said.

Both companies are committed to the Science-based targets initiative, which drives ambitious climate action in the private sector, and both are also founding members of First Movers Coalition (FMC).

The CO2 saving is based on calculation using the Volvo Trucks Environmental Footprint Calculator (comparing CO2 output over an annual mileage of 80,000 km for a truck with a total weight of 44 tonnes and assuming the diesel comparator uses 7 percent biodiesel and achieves an average of 23l/100km).

FMC

The FMC (First Movers Coalition) is a coalition of companies that use their purchasing power to create early markets for innovative clean technologies across eight hard-to-abate sectors.

Science-Based Targets Initiative

The Science-based Targets initiative (SBTi) drives ambitious climate action in the private sector by enabling organizations to set science-based emissions reduction targets. Targets are considered "science-based" if they are in line with what the latest climate science says is necessary to meet the goals of the Paris Agreement — limiting global warming to 1.5°C above pre-industrial levels.

This story also appears on Truck and Trailer Guide.

Today's top stories

Construction Industry Optimistically Preparing for New Year Ahead

CFX Oversees $412M SR429 Expansion in Florida

Capital Express Central Project Ramps Up in Texas

VIDEO: NCDOT Plans Major Road Upgrades in Wilmington Over Next Several Years

DEVELON Set to Exhibit at ARA Show 2025

Des Moines Airport Works With Weitz/Turner On Expansion

Ring Power Lift Trucks Partners With Hiab to Bring MOFFETT Truck-Mounted Forklifts to Florida Customers

Earthborne Demo Day Draws Crowd Despite Downpour