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.
The first 130 trucks will be delivered in 2023 and 2024, according to the company.
Switzerland-based Holcim is a global manufacturer of building solutions. Now, the company and its contractors, with Volvo Trucks, have 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 United Kingdowm 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,” said Martin Lundstedt, president and CEO of Volvo Group. “I’m very proud of the partnership we have developed with Holcim, and the results we are achieving together.”
“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% of zero-emission heavy-duty trucks by 2030.”
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, according to the company.
Both companies are committed to the science-based targets initiative, which drives ambitious climate action in the private sector. Both firms are founding members of First Movers Coalition, a coalition of companies that use their purchasing power to create early markets for innovative clean technologies across eight hard-to-abate sectors.