The Volvo Group was pleased to work with lawmakers and other interested stakeholders to provide input that was reflected in the Act. Consultation with multiple state agencies including the Department of Transportation, the Energy Administration, the Department of General Services and the Public Service Commission will ensure that economic, energy and environmental considerations will be factored into an overarching plan.
“Maryland’s decision to assess the impact of accelerating the integration of heavy-duty zero-emission vehicles in the marketplace and identify actions needed to meet the goals of the Advanced Clean Truck regulation’s goals will foster the greatest chance for success,” said Dawn Fenton, Volvo Group vice president – government relations and public affairs. “This legislation, together with the creation of an incentive program to help offset the early higher costs of these electric vehicles, will help ease the pain for fleets trying to manage the paradigm shift the transportation industry is facing.”
The Volvo Group shares Maryland’s commitment to the environment, and to the goal of accelerating adoption of zero-emission vehicles in the marketplace. In 2020, the Volvo Group made a global commitment to having 100% of its product sales be fossil-free by 2040, including a nearer term goal of 35% of product sales being zero-emission by 2030. The realization of these goals will depend on supportive public policies that expedite charging infrastructure availability and provide incentives to offset initially high vehicle and infrastructure costs.
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.
