Volvo Cars is aiming at a 40% reduction in the carbon footprint of every car it manufactures by 2025 as it bids to become fully climate neutral by 2040, it stated on Wednesday.
The company wants to reach the 2025 targets through a string of measures, such as generating 50% of worldwide sales from fully electric cars and having a 25% share of recycled plastics in recent vehicles by that time, both of which have been earlier announced.
It is also looking for a 25% slash in carbon dioxide emissions related to its worldwide supply chain and its overall operations, consisting of manufacturing and logistics, by 2025.
“At Volvo Cars we will address what we control, which is both our operations and the tailpipe emissions of our cars,” Chief Executive Hakan Samuelsson stated.
“And we will address what we can influence, by calling on our providers and the energy sector to join us in aiming for a climate neutral future.”
Volvo also stated it aims for its worldwide manufacturing network to be completely climate neutral by 2025.
Germany’s Daimler stated previously this year it aimed to have a carbon neutral new car fleet by 2039, where as Volkswagen targets carbon neutrality by 2050.