As part of its ambition towards industry transformation through sustainable solutions, Volvo Construction Equipment (Volvo CE) has announced an investment into the production of electric wheel loaders from its plant in Arvika, Sweden.
The SEK 65 million (around $6.3 million) investment from Volvo Group will allow the Arvika factory in Sweden – which specializes in the production of medium and large wheel loaders – to expand its facilities with a new building and allow for the phased introduction of new electric wheel loaders.
It is not only a milestone in the plant’s almost 140-year history, but a significant moment for Volvo CE and its determination to be completely fossil free by 2040 – in line with the aims of the Paris Agreement and as laid out in the manufacturer’s industry leading Science-Based Target goals. It is also a pioneering step forward in its ambition for 35% of its machines sold to be electric by 2030.
Volvo CE has already successfully introduced compact electric wheel loaders to the global market with the L20 Electric and L25 Electric wheel loaders proving to be efficient, zero-exhaust emission solutions capable of driving down carbon emissions while maintaining high productivity across a variety of customer applications. Together with the ECR25 Electric, ECR18 Electric and EC18 Electric compact excavators and the mid-size EC230 Electric excavator, Volvo CE has one of the largest electric ranges on the market.