Volvo Group just secured its largest order for electric trucks to date, a win for the company and the industry. The company signed a letter of intent to sell 1,000 electric trucks to Swiss sustainable building solutions leader Holcim.
Volvo Group seeing higher demand for electric
As the parent company encompassing Volvo, Renault Trucks, Mack Trucks, Nova Bus, and others, Volvo Group continues to prove itself as a clean energy leader.
Known for its history in innovation and design (including introducing the first three-point safety harness), Volvo Group is committed to a sustainable future. The company delivered its first electric truck, the FL Electric, in 2019 and has remained a pioneer ever since.
The company’s early efforts are already yielding results, with electric truck sales climbing 254% in the first three months of 2023.
Volvo Group delivered 683 electric trucks in total in the first quarter. Of them, 350 were Volvo brand, 331 were Renault, and two were Mack Trucks.
Electric truck order intake continues growing, steading with 1,197 in Q1, for a total of 5,360 over the past year. Volvo also delivered 202 pieces of electric construction equipment, 34 electric buses, and 20 electric engines in the quarter.
Volvo lands its largest order for electric trucks to date
Volvo signed a letter of intent Monday to sell 1,000 electric trucks between now and 2030 to Holcim for its European operations.
The first 130 heavy electric Volvo FH and Volvo FM trucks will be delivered to France, Germany, Switzerland, and the UK by the end of the year and throughout 2024.
Volvo Group president and CEO says the agreement is an extension of a broader partnership between Holcim and the company, saying:
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.
The new Volvo FH electric trucks using green electricity on an average route will save up to 50,000 tons of CO2 compared to the existing 1,000 diesel-powered truck fleet. The CO2 savings are based on Volvo Trucks Environmental Footprint Calculator comparing CO2 output over an annual mileage of 80,000 km (49,709 miles) for a 44-ton truck.
Headquartered in Switzerland, Holcim focuses on decarbonizing buildings across their life cycle using less material, circular construction, and sustainable designs.
Volvo Trucks has begun scaling production across its network to meet the rising demand. The company aims for 50% fully electric truck sales by 2030 as it transitions toward 100% EV sales by 2040.
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Executives from TravelCenters America (TA) and BP were joined by local elected officials at a ribbon cutting for the two companies’ first DC fast charging hub on I-95 in Jacksonville, Florida – the first of several such EV charging stations to come online.
Frequent road-trippers are no doubt familiar with TA’s red, white, and blue logo and probably think of the sites as safe, convenient stops in otherwise unfamiliar surroundings. The company hopes those positive associations will carry over as its customers continue to switch from gas to electric at a record pace in 2025 and beyond.
“Today marks a significant milestone in our journey to bring new forms of energy to our customers as we support their changing mobility needs, while leveraging the best of bp and TA,” explains Debi Boffa, CEO of TravelCenters of America. Boffa, however, was quick to – but TA is quick to point out that TA isn’ no’t leaving its ICE customers behind. “While this is significant, to our loyal customers and guests, rest assured TA will continue to provide the same safe and reliable fueling options it has offered for over 50 years, regardless of the type of fuel.”
The charging hub along the I-95 offers 12 DC fast charging ports offering up to 400kW of power for lickety-quick charging. While they’re at the TA, EV drivers can visit restrooms, shop at TA’s convenience store, or eat at fast food chains like Popeyes and Subway. Other TA centers offer wifi and pet-friendly amenities as well – making them ideal partners for BP as the two companies builds out their charging networks.
“As we expand our EV charging network in the US, I am thrilled to unveil our first of many hubs at TA locations,” offers Sujay Sharma, CEO of BP Pulse Americas. “These sites are strategically located across key highway corridors that provide our customers with en route charging when and where they need it most, while offering convenient amenities, like restaurants and restrooms.”
The new e2500-THL and TS electric Ultra Buggies from Toro offer construction and demo crews a carrying capacity of 2500 lbs. (on the TS model), six-and-a-half foot dump height (on the THL), nearly 13 cubic ft. of capacity, and hours of quiet, fume-free operation.
For their open-mindedness, those crews will be rewarded with machines powered by 7 kWh’s worth of Toro HyperCell lithium-ion battery. That’s good enough for up to eight hours of continuous operation, according to Toro – enough for two typical working shifts.
And, thanks to the Toro Ultra Buggies’ narrow, 31.5″ width, they can easily navigate man doors on inside jobs, as well, making them ideal for indoor demolition and construction jobs. A zero-turn radius and auto-return dump mechanism that ensures the tub automatically returns to the proper resting position make things easy for the operator, too.
Toro says that each of its small (for Toro) e2500 Ultra Buggy units can replace as many as five wheelbarrows on a given job site. Pricing is expected to start at about $32,000.
GM has deployed three of its HYDROTEC hydrogen gensets to the Los Angeles area as a way to help generate power for EV drivers and emergency vehicles recovering from the devastating effects of the recent wildfires.
“GM is extending targeted local support to our customers and employees who have been impacted by the California wildfires,” said Duncan Aldred, vice president global commercial growth strategies and operations. “We’re finding ways to help get people back on the road and using our resources to make a difference in the recovery in the weeks and months to come.”
The mobile charging station rollout is part of a broader response to the fires from GM that includes “planned” philanthropic contributions to nonprofits serving affected communities, employee giving campaigns to benefit the American Red Cross Los Angeles region and the California Fire Foundation, and a complimentary subscription to Crisis Assist Services, which enables customers with OnStar-equipped vehicles to get information about the fires, receive routing guidance, and access immediate emergency assistance from an OnStar advisor.
GM also says it’s providing customers with damaged or destroyed GM vehicles assistance toward the purchase or lease of a new GM vehicle, subject to certain terms and conditions, which may include certain qualifications and restrictions. The company will also help cover collision repair deductible costs for damage to GM vehicles incurred from the wildfires – again, subject to certain qualifications and restrictions.
Electrek’s Take
While it’s certainly commendable for GM to take steps in an effort to support wildfire victims, it feels like a company that made more than $19 billion in gross profits in 2023 (and over $20 billion in 2022; 2024 numbers aren’t out yet – but the company did well enough to spend more than $6 billion buying back its own stock) could have done better than announcing “planned” donations and asking its employees to pony up. By my math, GM shareholders could have given each of the 163,000 global employees the company had in 2023 a $36,000 one-time bonus in lieu of those stock buybacks.
That said, how many companies are doing nothing at all? Good on GM for trying, then – here’s hoping others step up, too.