Volvo on Demand battery electric truck adoption program launches

Volvo on Demand battery electric truck adoption program launches

The OEM has kickstarted the Volvo on Demand program with 25 Volvo VNR Electric trucks.

Volvo Trucks North America (VTNA) launched Volvo on Demand, a Truck-as-a-Service (TaaS) business model focused on battery electric trucks in collaboration with Volvo Financial Services (VFS). Volvo says Volvo on Demand was designed as a solution to simplify the acquisition and reduce the major upfront investment in battery-electric vehicles. Volvo on Demand provides qualified customers with flexible term options as short as 12 months and includes Volvo Trucks’ Gold Contract and the option to bundle vehicle insurance for physical damage and collision, route planning and optimization guidance, as well as consultation to find the best charging solution and incentives that might be available.

VFS has kickstarted the Volvo on Demand program with 25 Volvo VNR Electric trucks, including 20 6×4 tractors with the six-battery configuration and five 4×2 tractors with the four-battery configuration.

“Volvo on Demand is the easiest way for customers to add a battery-electric truck to their fleet by providing the ability to test the technology and understand the requirements to operate an electric fleet without a substantial upfront investment,” said Charles Carter, vice president of services and solutions at Volvo Financial Services. “Volvo on Demand offers peace of mind to customers who are just beginning their electromobility journey, managing the unknowns and uncertainties of how to best run and scale electric trucks in their operations. We see this solution being exceptionally beneficial to many segments including drayage, regional haul, last mile and smaller fleets, who are tasked with delivering more sustainable transportation solutions for their customers.”

Volvo says a competitive mileage rate throughout the contract term provides flexibility, with a single monthly invoice encompassing all selected services, charging hardware and insurance.

Volvo on Demand is being launched in the United States in areas with a nearby Volvo Trucks Certified Electric Vehicle (EV) dealership equipped to provide comprehensive support, including preventative maintenance, service, and charging facilities to maximize customer uptime.

“Today we have customers who’ve successfully deployed the VNR Electric and are continuing to seek ways to scale their operations to include more of these trucks,” said Jared Ruiz, regional vice president of Volvo Trucks North America. “We have a number of customers who have expressed interest in adding the VNR Electric to their operation but want to understand how it will fit within their specific applications. With Volvo on Demand through VFS, they can gain valuable experience before making large upfront capital investments. With Volvo on Demand customers can get a single truck or a few trucks with portable 50 kWh chargers to gain real world experience while making plans to scale, including accounting for potential lead times on charging infrastructure installation, with flexible payment terms. We see this program as the next evolution in scaling electromobility solutions by offering unmatched financial flexibility to our customers.”

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