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Volvo Cars? Chengdu car plant powered by 100% renewable electricity; 65% hydropower

Green Car Congress

The 100% renewable electricity mix in Chengdu is the result of a newly signed supply contract and will reduce the plant’s CO 2 emissions by more than 11,000 tonnes per year. By 2040, Volvo Cars aims to be a climate-neutral company. Until recently, the Chengdu plant already sourced 70% of its electricity from renewable sources.

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Volvo Cars successfully places first green bond, raises €500M

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A green bond is a type of fixed-income instrument that is specifically earmarked to raise money for climate and environmental projects. The proceeds of the bond will be used to fund the design, development and manufacturing of fully electric cars in line with the company’s recently established Green Finance Framework.

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Volvo Cars first carmaker to explore fossil-free steel with SSAB and HYBRIT

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The global steel industry accounts for around 7% of global direct carbon emissions, due to the fact that the industry is currently dominated by an iron ore-based steel making technology, using blast furnaces depending on coking coal. Volvo Cars’ ambition is to be a fully electric car brand by 2030, with only pure electric cars in its line-up.

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Volvo Cars invests in designing and developing electric motors in-house

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Volvo Cars says that it is making significant investments that allow for the in-house design and development of electric motors for the next generation of Volvo models, as the company continues to move towards becoming a fully electric car maker. The newly opened electric motor lab in Shanghai became operational last month.

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Volvo C40 Recharge LCA highlights huge potential of manufacturing and charging EVs with clean energy

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Volvo Cars has published a lifecycle analysis report on its second fully electric car, the C40 Recharge, which shows the potential CO 2 reductions if a car is built and charged using clean energy sources. Clean energy is also an important factor in reducing the carbon footprint involved in producing an electric car.

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Volvo Trucks North America demonstrates pilot electric VNR models; Volvo LIGHTS

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The Volvo Low Impact Green Heavy Transport Solutions (LIGHTS) Innovation Showcase, held at Volvo Trucks’ TEC Equipment dealership’s Fontana location, revealed the progress that has been achieved since the announcement of the Volvo LIGHTS project in late 2018. million from CARB as part of California Climate Investments (CCI).

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T&E study: EVs can be cheaper for Uber drivers to run than latest diesels in many European capitals

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This is because of cheaper electricity, lower EV retail prices and higher purchase incentives in France. The taxi and ride-hailing markets are best positioned to go fully electric first. Because of Uber drivers’ high mileage, the climate benefits of replacing a combustion car with an EV in this sector are even greater.

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