STOCKHOLM: 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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“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 said in a statement.

“And we will address what we can influence, by calling on our suppliers and the energy sector to join us in aiming for a climate neutral future.”

Volvo also said it aims for its global manufacturing network to be fully climate neutral by 2025.

Germany’s Daimler said earlier this year it aimed to have a carbon neutral new car fleet by 2039, while Volkswagen targets carbon neutrality by 2050.

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