Hyperdrive

Volvo, VW and Daimler Better Get a Move On With Electric Trucks

The companies’ 2030 targets look lofty considering where their sales are now.

Electric trucks parked outside Volvo’s Tuve plant in Gothenburg, Sweden. — Electric trucks parked outside Volvo’s Tuve plant in Gothenburg, Sweden.
Photographer: Hollie Adams/Bloomberg

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By Nikolas Soulopoulos

August 22, 2023 at 12:00 PM UTC

Some of the world’s biggest truckmakers have set ambitious objectives for battery-electric and fuel cell trucks and buses. Daimler Truck estimates they’ll make up as much as 60% of its Europe sales by 2030. Volkswagen’s Traton and Volvo are aiming for 50% share in that time frame.1