Volvo Cars creates mobility solutions that aim to bring back the freedom to move in a safe, sustainable and personal way.
Volvo Cars recognises it is part of the problem of climate change and needs to be part of the solution. So, in 2019 the company launched one of the automotive industry’s most ambitious plans to tackle climate change. The company aims to reduce its lifecycle carbon footprint per car by 40 per cent between 2018 and 2025, on its journey towards becoming a climate neutral company by 2040.
Volvo Cars will work towards this ambition through addressing emissions across its value chain. The climate plan has been independently verified by the Science Based Targets initiative (SBTi) as being in line with the goals of the 2015 Paris Agreement to limit global warming to 1.5 degrees Celsius above pre-industrial levels.
Volvo Cars has committed to the following ambitions:
- Achieve a 50% reduction in tailpipe carbon emissions per vehicle by 2025.
- Launch one fully electric model every year for the next 5 years, and over this period reach 50% of global sales from fully electric cars.
- Ensure that by 2025, 50% of global sales will be fully electric cars with the rest hybrids.
- Make sure that by 2030, every Volvo sold will be fully electric.
- Realise a 25% reduction per car in operational carbon emissions by 2025, partly achieved through securing global climate neutral manufacturing operations.
- Secure a 25% reduction per car in supply chain carbon emissions by 2025 through greater use of renewable energy and through embracing the circular economy.
Volvo Cars is a key innovator in the area of planetary safety solutions.