Near-zero emissions steel expected in 2026
Automaker using purchasing power to develop low-emissions aluminum
Volvo Cars continues to lead the auto industry when it comes to cutting emissions, and the automaker has just announced even more ambitious targets. The automaker wants to cut per-car emissions by 75 percent by 2030, and is just a couple of years away from near-zero carbon emissions steel.
The 75 percent reduction is against a 2018 baseline. Volvo Cars had said previously that it plans to cut its per-car emissions by 40 percent by 2025, and so far this year is already down 19 percent vs 2018.
Volvo Cars announced today that it is now a member of the World Economic Forum’s First Movers Coalition and that it will be putting its money behind emerging near-zero emissions aluminum tech.
The automaker also said that it has secured access to “near-zero emission primary and recycled sheet steel.” That steel, sourced from Sweden’s SSAB, is set to be used in a Volvo vehicle starting in 2026.
“We have previously used the COP summits to push collective climate action and COP28 will be no different,” says Jonas Otterheim, head of climate action at Volvo Cars. “What we and other like-minded companies are trying to do is develop and scale up transformational technologies to decarbonize sometimes ancient industrial processes. By joining the FMC and showing tangible progress in our partnership with SSAB, we hope to demonstrate that this vital shift is not just possible but is already underway.”