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# Fossil-Free EV Batteries
Volvo Group is Opening a Battery Production Facility for Electric Trucks

By Colin Smith | Published 2022-08-06 | Autos
Source: Trend Hunter, https://www.trendhunter.com/trends/fossil-free-battery-production
References: [autoblog](https://www.autoblog.com/2022/08/04/volvo-truck-battery-factory/) & [volvogroup](https://www.volvogroup.com/en/?fds)

![Fossil-Free EV Batteries](https://cdn.trendhunterstatic.com/thumbs/485/fossil-free-battery-production.jpeg)

[Volvo Group](https://www.trendhunter.com/trends/ex90-ev-suv) announced that it is pursuing fossil-free battery production by opening a new dedicated facility in Skaraborg, Sweden. At this facility, Volvo Group will work with its partners to produce a large number of EV batteries for use on commercial vehicles, such as larger trucks. These batteries will be produced via a fossil fuel-free method, meaning both the production and usage of these batteries are eco-friendly. Volvo Group did not specify who its partners are in this venture at this time.

The CEO of Volvo Group, Martin Lundstedt, stated that: "There is a strong demand from our customers already today, and by 2030, it is our ambition that at least 35% of the products we sell are electric," showing that the company is addressing consumer demand while simultaneously pushing toward a sustainable future.

Image Credit: Shutterstock

## Trend Insights (Trend Hunter)

- Score: 4.7/10
- Popularity: 55% | Activity: 75% | Freshness: 12%
- Audience gender: 50% men, 50% women
- Primary generations: Gen Z, Millennial, Gen X
- Top markets: Europe

## Categories

[Trend Hunter](https://www.trendhunter.com/trends) > [Autos](https://www.trendhunter.com/autos)

## Key Themes

### Why This Trend Is Growing

- **Fossil-free Battery Production:** Volvo is leading the trend of fossil-free batteries by opening a new dedicated facility to produce eco-friendly batteries for commercial vehicles.
- **Sustainable Commercial Vehicles:** The demand for sustainable commercial vehicles has spurred a trend that encourages businesses to adopt eco-friendly battery systems, like those produced by Volvo.
- **Increasing Electric Vehicle Adoption:** Volvo aims to have at least 35% of their products be electric by 2030, which could inspire other companies to follow suit and increase electric vehicle adoption globally.

### Industries Being Reshaped

- **Automotive Industry:** There is a growing need for eco-friendly automotive solutions in the industry, including EV batteries produced via fossil-free means.
- **Battery Manufacturing Industry:** The shift towards fossil-free battery production by companies like Volvo presents a disruptive innovation opportunity for battery manufacturers to develop and introduce more sustainable battery systems to the market.
- **Sustainability Industry:** Companies focused on creating sustainable solutions could capitalize on the growing trend of eco-friendly commercial vehicles and contribute to the shift to more sustainable alternatives.

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