Insights on the Progress of Low-Emission Truck Development in Europe: Volvo Trucks' Perspective
Key Ideas
  • Volvo Trucks is adapting to the diverse needs of the European market by offering a wide range of vehicles with different powertrains to facilitate decarbonisation.
  • Government subsidies play a significant role in shaping customer preferences for electric trucks across different European countries.
  • Volvo Trucks is open to exploring various business models, including trucking as a service and charging as a service, to accelerate the transition to zero-emission vehicles.
  • While investing in electric and hydrogen technologies, Volvo Trucks emphasizes the importance of decarbonisation through internal combustion engines using renewable fuels like biodiesel or HVO.
At the IAA Transportation 2024 exhibition in Hanover, Volvo Trucks showcased its commitment to the development of low-emission and zero-emission transportation. The SVP of Product Management & Quality, Jan Hjelmgren, highlighted Volvo Trucks' strategy of offering a wide variety of vehicles with different powertrains to meet the diverse market conditions in Europe. Hjelmgren emphasized the influence of local conditions and government subsidies on customer preferences, with subsidies playing a crucial role in the adoption of zero-emission vehicles. Volvo Trucks is open to exploring new business models such as trucking as a service and charging as a service to facilitate the transition to electric trucks. Despite focusing on electric and hydrogen technologies, Volvo Trucks recognizes the importance of decarbonisation through internal combustion engines using renewable fuels. Hjelmgren also mentioned the potential of hydrogen combustion as a carbon-neutral technology for the future, alongside the development of electric solutions. Volvo Trucks aims to be a leader in the transformation towards zero-emission vehicles by adopting diverse strategies and technologies to address the complex needs of the European truck market.
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