The Swedish automaker has unveiled an ambitious climate action plan, shifting toward fully electric cars and striving to become a climate neutral company by 2040. Volvo is also adopting a circular economy approach — recovering parts and materials to reuse in the production of new vehicles.
New BloombergNEF Report Says EVs To Rise Faster Than Ever
A new report from authoritative electrification analysts, BloombergNEF, says that electric vehicle (EV) sales are likely to accelerate at a rate greater than ever experienced before. However, in its annual Electric Vehicle Outlook report, BloombergNEF says that Governments need to encourage adoption further if they wish to be net-zero on carbon emissions by 2050.