Renault Trucks delivers strong 2023 electric sales up 153%

Renault Trucks closed 2023 with 69,859 trucks delivered, the best result in recent years and an 18% year-on-year growth. The French manufacturer also delivered 1,636 electric trucks, an increase of 153% compared to 2022, giving it a market share of 22.4% in Europe.

There are positive figures all around at Renault Trucks, as the 2023 business results show growth in every segment and in every location, although some ground has been lost compared to its rivals.

Significant growth in EV market

Of the 69,859 units sold globally, 62,476 of those trucks were destined for Europe, giving the company a market share of 8.5% in the >16-ton segment (9.4% in 2022) and 6.2% in the 6- to 16-ton segment (7.0% in 2022).

But in the electric truck market, things are looking even better. Renault Trucks has sold 1,636 electric vehicles (+ 153%), 624 in the medium to heavy-duty segment, and 1,012 in the light commercial vehicle (LCV) segment.

Renault Trucks has a 22.4% market share in Europe for >16-ton electric trucks. At the end of 2023, the manufacturer opened the assembly line for its 44-ton E-Tech T and C models in Bourg-en-Bresse, France.

Volvo Trucks still a lot bigger

However, this is still relatively modest compared to the sister brand Volvo Trucks. The Swedish manufacturer delivered 145,395 trucks, with a stronger position outside Europe. Meanwhile, 1,977 electric trucks have been delivered, and Volvo Trucks doesn’t have LCVs to boost these numbers. This gives it a market share of 47.2% in the European electric heavy-duty segment.

Volvo Trucks also recently launched the FM Low Entry, an electric-only model destined for city use, which can be used for distribution work or garbage collection, among other uses. Volvo Trucks has received an order for 100 electric trucks from logistics company DFDS, which will almost double its Volvo electric truck fleet to 225 trucks in total.

DFDS, one of Northern Europe’s largest shipping and logistics companies, is seeing a growing demand for transport solutions with lower environmental impact. Today, 95 Volvo electric trucks are operational in Sweden, Denmark, Lithuania, Belgium, and the Netherlands, with the remaining 30 due to be delivered in 2024.