Volvo Cars has launched one of the most ambitious plans in the automotive industry, aiming to reduce its lifecycle carbon footprint per car by 40% between 2018 and 2025. This is the first, tangible step towards Volvo Cars' ambition of becoming a climate-neutral company by 2040.
Volvo Cars' 2040 ambitions go beyond addressing tailpipe emissions through all-out electrification, another area in which the company is at the forefront. It will also tackle carbon emissions in its manufacturing network, its wider operations, its supply chain and through the recycling and reuse of materials.
As a near-term step towards its 2040 ambition, Volvo Cars is implementing a set of ambitious, immediate measures in its efforts to reduce the company's lifecycle CO2 footprint per car by 40% between 2018 and 2025. At that point in time, the company also aims for its global manufacturing network to be fully climate neutral.
The previously communicated goal of generating 50% of global sales from fully electric cars by 2025 is a prominent one, which would result in a 50% reduction in tailpipe carbon emissions per car between 2018 and 2025.
Other short-term ambitions include a 25% reduction of CO2 emissions related to its global supply chain by 2025, a 25% share of recycled plastics in new Volvo cars by 2025, and a 25% reduction of carbon emissions generated by the company's overall operations, including manufacturing and logistics.
Volvo Cars was the first conventional car maker to commit to all-out electrification and phasing out cars powered only by an internal combustion engine. As of this year, every new Volvo launched will be electrified, and the company has also launched its first fully electric car, the XC40 Recharge. Starting with the XC40 Recharge, Volvo Cars will disclose the average lifecycle carbon footprint of each new model.
