Volvo goes electric with Truck-as-a-Service model
Summary
Built on a Truck-as-a-Service (TaaS) business model, Volvo on Demand allows qualified customers to pay for miles driven with flexible term options as short as 12 months. It includes Volvo Trucks’ Gold Contract and the option to bundle vehicle insurance for physical damage and collision, route planning and optimization guidance, as well as consultation to find the best charging solution and any available incentives. Volvo on Demand, which includes a competitive mileage rate throughout the contract term, provides flexibility, a single monthly invoice encompassing all selected services, charging hardware and insurance, isnt VTNAs first foray into TaaS. It is being launched in the U.S. in areas with a nearby Volvo Trucks Certified Electric Vehicle (EV) dealership (there are currently 57 such locations across 30 states and Canadian provincese) equipped to provide comprehensive support, including preventative maintenance, service, and charging facilities to maximize customer uptime. VTNA Regional Vice President Jared Ruiz said the company has received a number of inquiries from customers interested in adding the VNR Electric to their operation, "but want to understand how it will fit within their specific applications."