Volvo Trucks has signed a letter of intent to supply 1,000 electric trucks to Holcim, one of the world’s largest building solutions providers, between now and 2030. The deal is the largest commercial order to date for electric Volvo Trucks and the first 130 trucks will be delivered in 2023 and 2024.
Both companies are members of the First Movers Coalition (FMC), a coalition of companies that are using their buying power to create early markets for innovative clean technologies. The agreement is part of a broader partnership between Holcim and Volvo Group to deploy electric trucks across Holcim’s operations in Europe between now and 2030. Replacing diesel trucks with electric trucks will reduce CO2 emissions from road transportation by up to 50% annually.
Jan Genisch, Chairman and CEO of Holcim: “The transition to net zero requires deep collaboration across all value chains. We are delighted to be working with Volvo to decarbonise the logistics of our European operations through electric fleets. This furthers our goal of purchasing or contracting 30 % of zero-emission heavy trucks by 2030.”
Martin Lundstedt, President and CEO of the Volvo Group: “Long-term collaboration and a strong commitment to making a real difference are essential to achieving significant CO2 reductions. I am very proud of the partnership we have developed with Holcim and the results we are achieving together.”
The agreement will contribute to achieving the sustainability goals of both Holcim and the Volvo Group. In addition to being members of the FMC, both companies are committed to the Science Based Targets Initiative (SBTi), which promotes ambitious, science-based climate action in the private sector. In November 2022, Holcim launched its updated 2030 climate targets, validated by the SBTi Science Targets initiative, in line with the new scientific framework for its 1.5°C sector. With these updated goals, Holcim reaffirms its commitment to decarbonising construction in line with the most advanced science.
