Volvo Cars has announced plans to become a carbon-neutral company by 2040, with short-term targets in place to slash emissions by 40% and generate 50% of its global sales from electric vehicles (EVs).
Between 2018 and 2025, Volvo Cars will reduce its lifecycle carbon footprint by 40%
Volvo has revealed that the new ambition will align with the Paris Agreement’s higher ambition of limiting global warming to 1.5C above pre-industrial levels.
“We are transforming our company through concrete actions, not symbolic pledges,” Volvo Cars’ chief executive officer Håkan Samuelsson said. “So, 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