Carmaker Volvo has announced a record commercial deal for its electric trucks.

The Swedish Volvo said that the Volvo Trucks unit had agreed a deal to sell 1,000 electric trucks to Swiss building solutions provider Holcim over the next seven years.

The company has not provided details on the value of the order, but did confirm that “the deal is the largest commercial order to date for Volvo electric trucks.”

The first 130 trucks will be delivered during the fourth quarter of 2023 and throughout 2024 to markets including France, Germany, Switzerland and the UK. These will be the heavy electric Volvo FH and Volvo FM models. The timeline for the remaining trucks will be determined by Volvo and Holcim.

Volvo Trucks, which has aspirations of making 50 per cent of its truck sales electric by 2030, has started scaling up production at plants in Sweden, France and the US with plans for production at a factory in Belgium in the third quarter of 2023.

While all the Holcim trucks will be battery electric vehicle (BEV), Volvo is heavily invested in hydrogen-powered fuel cell trucks which are expected to be available on the market in the second half of the 2020s.

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