Volta Trucks receives subsidy support from Germany
Swedish electric truck start-up Volta Trucks is receiving funding of 24.6 million euros from the German Federal Ministry of Transport to subsidize vehicle costs for 151 units of its Volta Zero. Volta Trucks plans to deliver the first of the funded electric trucks to customers before the end of 2023.
Volta Trucks announces that “Customer orders of the all-electric Volta Zero placed before end of June 2023 can benefit from price advantage”. The BMDV subsidies granted would be used entirely to reduce vehicle costs in the process. In mid-March, Volta Trucks had received European type-approval for its 16-tonne Volta Zero electric truck. With the award of the ECWVTA, the Swedes now have permission to go into series production and start sales with their all-electric Volta Zero.
The first subsidised Volta Zero electric trucks are expected to go to customers before the end of this year. “We are delighted that the Volta Zero has been successful in securing the subsidy funding from the Federal Ministry in Germany. This is a major achievement and enormous recognition for our all-electric truck even before the official start of production in the second quarter of this year,” says Usuf Schermo, Area Sales Manager Germany & Austria at Volta Trucks. “With the new climate and transformation fund, Germany is becoming an absolute pioneer in Europe, from which Volta Trucks customers can now also benefit.”
Specifically, the 151 Volta Zeros will be subsidized for German customers under the Directive on the Promotion of Light and Heavy Commercial Vehicles with Alternative, Climate-friendly Drive Systems and Associated Fuelling and Charging Infrastructure (KsNI). With a total of 24.6 million euros, each of the 151 vehicles theoretically comes to an individual subsidy of 163,000 euros.
At the end of January, Volta Trucks had stated that customer orders for the first 300 production seats of its 16-tonne model had already been received. Shortly afterwards it became public that vehicles for DB Schenker make up half of these. All 300 units are to be produced and delivered to customers in 2023.
Although production at contract manufacturer Steyr Automotive has been underway since September 2022, so far only second-generation prototype vehicles have been built for product validation. Since the actual production vehicles are built according to customer specifications, they may differ slightly from the validation vehicles. The largest customers are currently DB Schenker with just under 1,500 units on order and Petit Forestier with over 1,000 Volta Zero units.
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