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Yahoo BusinessOct 16, 2019
Volvo Cars aims to be climate neutral by 2040
Volvo Cars, owned by China's Geely Holding, is targeting a 40% reduction in the carbon footprint of each car it manufactures by 2025 as it bids to become fully climate neutral by 2040, it said in a statement on Wednesday. The company aims to reach the 2025 targets through a string of measures, including generating 50% of global sales from fully electric cars and having a 25% share of recycled plastics in new vehicles by that time, both of which have been previously announced. It is also aiming for a 25% cut in carbon dioxide emissions related to its global supply chain and its overall operations, including manufacturing and logistics, by 2025.

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