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Transitioning Commercial Vehicle Industry
ATLANTA — According to Martin Lundstedt, CEO of Volvo Group, the commercial vehicle sector is undergoing significant changes with the advent of electric trucks, advancements in automated driving technologies, and the rise of connected vehicles.
The Enduring Role of Diesel
Despite these emerging trends, Lundstedt emphasized that traditional technologies like diesel engines remain relevant for years ahead. He noted that drivers will still play a crucial role in the trucking industry.
Focus on Established Technologies
Speaking at the Heavy Duty Manufacturers Association’s lunch on October 29, coinciding with the 2019 North American Commercial Vehicle Show, Lundstedt mentioned that a significant portion of Volvo’s research and development will focus on refining existing technologies such as transmissions, axles, and braking systems.
Future Demands and Opportunities
He projected that increasing global population and e-commerce will lead to a heightened demand for transportation and necessitate infrastructure investment. While new technologies present chances for enhanced efficiency, Lundstedt believes that internal combustion engines are here to stay.
Battery-Electric Vehicles
Lundstedt explained that the rollout of battery-electric vehicles would occur in three phases, starting with image-driven customers followed by wider adoption once the technology achieves financial feasibility in select markets and segments.
Vera and Autonomous Transportation
Volvo has introduced Vera, an autonomous tractor designed for specific routes in industrial areas, effectively highlighting the trend towards automation in commercial vehicles. Partnering with DFDS, Vera will facilitate freight transport in Gothenburg, Sweden.
Importance of Drivers and Digitalization
Despite advances in automation, Lundstedt reiterated that drivers remain the core asset of the trucking industry. He also noted the immense potential of digitalization, revealing that Volvo operates over 1 million connected vehicles worldwide, generating substantial data for actionable insights.
