According to CNBC, company officials said that refueling the vehicles could be refilled in less than 15 minutes.

Customer pilot programs are set to begin in the next few years and commercialization of the technology is "planned for the latter part of the decade."

The hydrogen fuel cells powering the vehicles will be provided by cellcentric, a joint venture established in 2021 with Daimler Truck.

Roger Alm, president of Volvo Trucks, said that "hydrogen-powered fuel cell electric trucks will be especially suitable for long distances and heavy, energy-demanding assignments."

Beside hydrogen powered trucks, Volvo Trucks also developed battery-powered trucks, with a factory manufacturing batteries being recently opened in Belgium back in May.

Daimler Truck is another company focused on battery and hydrogen-powered vehicles.

Martin Daum, chairman of the board of management at Daimler Truck, said that “we go for both because both make sense."

"If you go to city delivery where you need lower amounts of energy in there, you can charge overnight in a depot, then it’s certainly battery electric. But the moment you’re on the road, the moment you go from Stockholm to Barcelona … in my opinion, you need something which you can transport better and where you can refuel better and that is ultimately H2", he added.