The move represents the largest commercial order to date for Volvo electric trucks. The deal is part of a wider partnership between Holcim and Volvo Group to deploy electric trucks across Holcim's operations in Europe between now and 2030.
Holcim and Volvo are founding members of the First Movers Coalition (FMC), a coalition of companies that use their purchasing power to create early markets for innovative clean technologies. Replacing diesel trucks with electric ones will reduce CO2 emissions from road transport by up to 50% per year.
Jan Jenisch, Holcim chairman and CEO, said: "The net-zero transition requires deep collaboration across value chains. We are excited to be partnering with Volvo to decarbonise our European operations' logistics with electric fleets, advancing our goal to reach 30% of zero-emission heavy-duty trucks by 2030."
Martin Lundstedt, president & CEO of Volvo Group, said: "Long-term collaboration and a strong commitment to making a difference are essential for making big CO2 reductions a reality. I'm very proud of our partnership with Holcim and the results we are achieving together."
The agreement will contribute to the sustainability targets Holcim and Volvo Group set. In addition to being members of the FMC, both companies are committed to the Science Based Targets initiative (SBTi), which drives ambitious, science-based climate action in the private sector. In November 2022, Holcim launched its upgraded 2030 climate targets, validated by the Science Based Targets initiative SBTi, in line with its sector's new 1.5°C science-based framework. With these upgraded targets, Holcim confirms its commitment to decarbonise building in line with the most advanced science.
