BMW prepares to decrease carbon emissions across the life cycle of its automobiles – including the production process – at least 40% from 2019 levels by 2030, the automaker said on Thursday.
The automaker intends to boost the proportion of recycled and reusable materials used in manufacturing its vehicles from 30% to 50%.
“We are dedicated to a clear course to achieve the 1.5 degree target,” CEO Oliver Zipse said, referring to the Paris Agreement.
BMW has been reluctant to find a hard deadline for phasing out fossil-fuel cars, pointing out limitations to the expansion of electric automobiles including the sore lack of charging infrastructure.
Nevertheless, the automaker has set a range of sustainability targets earlier, including generating at least half of BMW Group sales from electric vehicles by 2030 and decreasing CO2 emissions per vehicle and kilometre driven by at least half from 2019 levels in the same time frame.
Like its rivals, the automaker has warned that its revenues in the coming months could be affected with chip shortages and raw material prices, even after reporting stronger than expected profits in its latest quarterly results.
