Volvo launches its first fully electric car

Last night, Volvo Cars made important strategic announcements in connection with the launch of its first fully electric car.

To further minimize the company’s Co2 footprint, Volvo Cars is recharging its approach to sustainability by launching one of the most ambitious climate strategies in the car industry.

The company has a vision to be climate neutral across its full value chain by 2040, signifying the company’s full support of the ambitions laid out in the global Paris Agreement to limit global warming to 1.5 degrees.

Volvo Cars has a clear path on what we can do to help reach its vision, through immediate actions taken in terms of significantly reducing emissions across its product range, manufacturing network, operations and supply chain.

Volvo Cars has launched one of the auto industry’s most ambitious plans, to reduce its lifecycle carbon footprint per car by 40% between 2018 and 2025.

The plan is the first tangible step towards Volvo Cars’ aim to become climate neutral by 2040 and represents concrete actions in line with the global Paris climate agreement.

This will include the following ambitions: • 50 % reduction in tailpipe carbon emissions

per vehicle • 25% reduction per car in operational carbon emissions, including from manufacturing and logistics

• 25% reduction per car in supply chain carbon emissions

Volvo Cars introduces the XC40 Recharge, the company’s first ever fully electric car and the first model in its new Recharge car line concept.

• Focus customer attention on chargeable

cars

• 20% of sales to be PHEVs in 2020

• 50% of sales to be BEVs by 2025, the other

50% to be hybrids

• Incentives to encourage electrified driving