1. Volvo Group
1
2022-04-11
Volvo Group North America Public Affairs | Forth Webinar: Electrifying Trucking/ Dawn Fenton

2. Volvo Group
Volvo Group North America
Operations / Manufacturing
Headquarters
Engineering
• 30% of Group’s net sales (2019)
• Approx. 17,000 employees (2019)
• Fourteen major manufacturing sites
• Only heavy-duty truck group
with 100% U.S. production for the NA market
• Global HQ for Mack Trucks,
Volvo Financial Services Volvo Penta
Volvo CE
Group Powertrain
Volvo Trucks NA
Mack Trucks
Mack Trucks
Nova & Prevost
Volvo Trucks NA
Mack Trucks
Volvo Financial Services
Volvo Penta
Volvo Bus

3. Decarbonizing the Transportation Sector
A Volvo Group Perspective
Dawn Fenton
Vice President, Government Relations & Public Affairs
Setting a Clean Direction
➢ 100% fossil free vehicles by 2040
➢ 35% electric vehicles by 2030
➢ Introduction of fuel cell vehicles in
the second half of this decade

4. Combustion engine
BATTERY ELECTRIC
FUEL CELL ELECTRIC
ROLLING
FLEET
Bio fuels, hydrogen
BioLNG
Carbon neutral hydrogen
Carbon neutral electricity
ICE share?
FC share?
Carbon neutral
Carbon fuel
2020
0%
100%
2030 2040
Share
of
new
truck
s
2050
2020-11-05
Volvo Group Capital Markets Day, 2020
4

5. Volvo Group
VNR Electric
• Initial commercial launch in Dec. 2020; second generation
product announced in Jan 2022
• 565kWh, up to 275 miles, 250kW charging
• Fleets with diverse duty cycles using trucks through Volvo
LIGHTS project
• First east coast deliver of VNR Electric to Manhattan Beer
• Largest global order for 110 VNR Electric to Performance
Team – a Maersk Company
Volvo Group North America Public Affairs | Forth Electrifying Trucking Webinar/ Dawn Fenton

6. Volvo Group North America Public Affairs | Forth Electrifying Trucking Webinar/ Dawn Fenton

7. Volvo Group
Volvo Group
Early ZEV Deployments: Lessons Learned
• Single largest challenge for the heavy-duty ZEV
market is charging infrastructure
• Engage utilities and local officials early in the
infrastructure design process
• TCO is currently dependent on public funding
for vehicle purchase & infrastructure
• Fleet ownership of property eases facility
planning and investments
• Divergent priorities of multiple stakeholders
must be managed
• Consider identifying a dedicated point of contact
within your organization
Volvo Group North America Public Affairs | Forth Electrifying Trucking Webinar/ Dawn Fenton