The sustainability chief of the Swedish truck and bus maker discusses the trek to net zero by 2040, the electrification of transport and the multiple parties needed to get incentives and charging stations in place.
: I was in group strategy and we had our new CEO coming in. We were setting the new strategy for the Volvo group. That was really the time when I realized that, from a business perspective, this so very much goes hand-in-hand. We felt that as one of the major manufacturers of trucks and buses it was crucial for us to be able to contribute to the goals of the Paris agreement.
Decarbonization is one of the main things. We have set science-based targets to be net zero by 2040. It’s really really important that we really decrease our emissions by 2030, so we have set interim targets for all our business areas. To be successful, the key is electrification.
We are now [testing] fuel-cell electric trucks and expect to have an offer ready toward the second half of this decade. Different types of trucking missions or markets have different prerequisites and possibilities for different types of solutions and that’s why we are not betting everything on battery-electric. But, the two main tracks are really going electric by battery-electric or fuel-cell electric.
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