Volvo Trucks first began taking customer orders for its first Volvo VNR Electric model in December 2020, with commercial production starting in quarter two 2021 at NRV. Since then, Volvo Trucks has delivered the Volvo VNR Electric to customers in several states across the U.S., collecting valuable operating data to continually improve the technology to increase the efficiency of the truck under varying operating conditions. The next generation Volvo VNR Electric is now open for order.
Volvo Trucks North America has been certified by the IRS to be qualified for the Inflation Reduction Act (IRA)’s Commercial Clean Vehicle Credit, which equates to a $40,000 tax credit for buying a battery electric truck. Senator Kaine, who helped pass the IRA, and Volvo Group management discussed the impact the IRA will have on the company and the Commonwealth of Virginia.
The Volvo Group drives prosperity through transport and infrastructure solutions, offering trucks, buses, construction equipment, power solutions for marine and industrial applications, financing and services that increase our customers’ uptime and productivity. Founded in 1927, the Volvo Group is committed to shaping the future landscape of sustainable transport and infrastructure solutions. The Volvo Group is headquartered in Gothenburg, Sweden, employs approximately 95,000 people and serves customers in more than 190 markets. Volvo Group North America, with headquarters in Greensboro, NC, employs nearly 17,000 people in North America and operates 15 manufacturing and remanufacturing facilities in Canada, Mexico and the United States. In 2021, the Volvo Group’s global net sales amounted to about $43 billion USD. Volvo shares are listed on Nasdaq Stockholm. For more information, please visit www.volvogroup.com.