
Volvo is using the launch of its new XC40 Recharge EV to commit to a 40% reduction in its carbon footprint, from factory operations to the on-road performance of its cars and SUVs.
The corporate sustainability target is to be met by 2025 and that, longer-term, Volvo’s operations will be 100% carbon neutral by 2040.
Hitting these targets requires increased use of renewable electricity at its auto-assembly plants in Europe, China and the U.S. and greater reuse of recycled materials, from steel, aluminum and plastics to cobalt from spent consumer market lithium-ion batteries.
Read the article at Forbes.