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November 5, 2020 | Volvo Announces First Fully-Electric Heavy-Duty Truck

Danielle Park

Portfolio Manager and President of Venable Park Investment Counsel (www.venablepark.com) Ms Park is a financial analyst, attorney, finance author and regular guest on North American media. She is also the author of the best-selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," and a popular daily financial blog: www.jugglingdynamite.com

Meanwhile, regardless of who will be in the White House, Volvo Group, the world’s second-largest truckmaker, announced today that electric heavy-duty trucks with a range of up to 300km will go on sale next year and enter production in 2022.  Volvo is  aiming for half its truck sales in Europe to be battery powered by the end of the decade.  See Volvo to sell first fully- electric heavy-duty truck:

Volvo first started with electrification with a hybrid bus in 2008 and last year started production of electric medium-duty trucks up to 26 tonnes in weight, used mostly in city deliveries and refuse collection. It is now pushing into electric versions of all types of its heavy-duty trucks, which are up to 44 tonnes, and already has the first two construction battery-powered vehicles — a concrete mixer and a hooklift truck — in testing with Swedish building supplier Swerock. Much of the focus on cutting emissions in transport has centred on passenger cars, but truck manufacturers are upping their game, too. Volvo is aiming for all its trucks to be fossil-free by 2040.

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November 5th, 2020

Posted In: Juggling Dynamite

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