COPENHAGEN – On Thursday, Sweden’s AB Volvo received an order for 300 electric trucks from Danish logistics firm DSV.
The order, one of the largest electric ones for Volvo Trucks to date, represents about 8% of the total 3,800 electric trucks that the Volvo unit has delivered since 2019, it said.
Truckmakers have braced this year for a downturn in demand as transport volumes fell from historically high levels in 2023.
The high cost of electric trucks, which often cost twice as much as their diesel-powered equivalents, has also made the expected transition slow.
Despite this, some customers are gradually placing more orders for electric trucks and producers continue to invest.
The order from DSV also included 500 trucks with fossil fuel drivelines, Volvo said, adding that all trucks are planned to be delivered between this year and 2026.
(Source: Reuters)
Edward Cooke is a financial analyst, freelance writer, and editor. He has six years of experience in financial journalism. He has an in-depth understanding of equities markets, tracking major indices and providing real-time analysis on stock price movements, corporate earnings, and market sentiment.