Volvo Cars Vouch To Be Climate Neutral By 2040
Volvo Cars made an ambitious plan in the automotive industry, dedicated to reducing its lifecycle carbon footprint per car by 40 percent between 2018 and 2025. This is the first-ever step undertaken by Volvo Cars to become a climate-neutral company by 2040. Volvo has disclosed that the new plan will align with the Paris Agreement’s ambition of reducing global warming to 1.5C above pre-industrial levels.
The company has also included other ambitious plans for various parts of the operation to reduce the CO2 footprint by 40 percent. The company is also targeting to generate 50% of the global sales from electric cars and simultaneously have a 25% share of the recycled plastics in new vehicles by the stipulated time. The company is also aiming to make its global manufacturing network a complete climate neutral.
Commenting on the new initiative, Hakan Samuelsson, Chief Executive of Volvo remarked, “We are transforming our company through concrete actions, not symbolic pledges. At Volvo Cars, we will address what we control, which is both our operations and the tailpipe emissions of our cars. And we will address what we can influence, by calling on our suppliers and the energy sector to join us in aiming for a climate-neutral future.”
Volvo Cars were the first conventional car maker to commit to all-out electrification and phasing out cars powered only by an internal combustion engine. The company has also launched its first fully electric car, the XC40 Recharge. Starting with the XC40 Recharge, Volvo Cars aims to disclose the average lifecycle carbon footprint of each new model.
Sarthak Moghe is a young, enthusiastic writer who loves modern technology and automobiles. After completing his graduation in Journalism and Mass-Communication, he stepped into the world of adulting as a content writer. When not busy on the keyboard, he likes to explore new topics and hone his sense of humour.