Volvo Bags Orders For 100 Electric Trucks From DFDS

Volvo (VOLVO) on Wednesday said it has received an order for 100 Volvo FM Electric trucks from Copenhagen-headquartered DFDS, a shipping and logistics company that provides transportation services in more than 20 countries in Europe. The deal is the largest commercial order to date for Volvo electric trucks.

DFDS has also chosen a financing solution provided by Volvo Financial Services. The Sweden-headquartered Volvo Group offers trucks, buses, construction equipment, power solutions etc for marine and industrial applications as well as financing and services.

First deliveries of the Volvo FM Electric to DFDS is expected to start in the fourth quarter of 2022 and continue throughout 2023. The trucks would be used for both short and long transport in the DFDS logistics system in Europe. Volvo deems the deal a major milestone in its commitment to fossil-free transportation. DFDS too attributes the action to its ambition to reach 45 percent CO2 reduction target by 2030.

The electrification trend in the heavy truck market is accelerating. In Europe, a few hundred trucks above 16 tons have been registered so far this year. Of these, approximately 40 percent are Volvo electric trucks.

Volvo Trucks started serial production of electric trucks in 2019, as one of the very first truck brands to do so. The product range now includes six electric truck models - the Volvo FH, Volvo FM, Volvo FMX, Volvo FE, Volvo FL and the Volvo VNR, sold in North America.

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