Volvo CE’s Jernberg calls early electric move an ‘insurance premium’

Volvo Construction Equipment (Volvo CE) president Melker Jernberg has defended the company’s early move into electric construction equipment, even as he acknowledged that market adoption has been slower than expected.

In an interview with International Construction, Jernberg was asked how he would respond to the argument that Volvo CE introduced electric machines too soon.

“I would say that they are right,” he said, referring to the timing of the company’s first electric models, the L25 Electric compact wheeled loader…

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