Swedish electric truck manufacturer Volta Trucks has received €24.6m (£21.5m) in funding from the German Federal Ministry of Transport, which will be used to subsidise vehicle costs for 151 all-electric Volta Zero trucks.
The company plans to deliver the first of the ministry-funded trucks to customers before the end of the year.
The subsidies have been granted by the German Ministry and will be used to reduce vehicle costs and incentivise the switch to electric vehicle fleets.
Firms that place an order for one or more of the trucks in Germany by June 2023 can benefit from a subsidy.
“We are delighted that the Volta Zero has been successful in securing the subsidy funding from the Federal Ministry in Germany,” said Usuf Schermo, area sales manager for Germany & Austria at Volta Trucks.
“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. With the new climate and transformation fund, Germany is becoming an absolute pioneer in Europe, from which Volta Trucks customers can now also benefit.”
The subsidy award aligns with the German government’s Climate Protection Programme 2030, which aims to put more low-emission vehicles on the road and increase the availability of refuelling and charging infrastructure.
What’s more, by 2030, the government aims to have about one third of the vehicle output in heavy goods transport electric or based on electricity-based fuels.