We are committed to the ambitions and climate change goals of the Paris Agreement. From a lifecycle perspective, the vast majority of emissions occur during the use phase of our products and therefore our first priority is to develop solutions that reduce the carbon emissions from transportation and machinery.
Energy-efficient products and solutions mean significant savings for our customers and, at the same time, better environmental performance and less climate impact. Already today, we offer leading, fossil free alternatives such as zero emission vehicles in our core segments. While numbers of sold electric vehicles are small today compared with traditional combustion drivelines, this transition to low carbon transport and infrastructure is on-going and will increase rapidly. Our ambition is to sell 100% fossil free Volvo Group vehicles from 2040, to be CO2 neutral by 2050.
Fully electric products have the potential to emit close to zero greenhouse gases in the use phase, but this depends on the access to electricity from clean sources and relies on a rapid expansion of the current charging infrastructure. The electric drive trains use energy coming either from batteries or by converting hydrogen on board into electricity. We have set the ambition to have at least 35% fully electric vehicles sales by 2030.
We want to enable our customers to run our zero emission vehicles and products on 100% fossil free energy. We believe this is achievable with strong stakeholder cooperation. We will intensify our collaborations across industry, with supply chain partners, customers, cities, governments and academia to increase the speed at which fossil free, competitive, clean transportation solutions can be deployed at scale.
Below you can find a few recent collaborations we are part of:
Powered by alternative fuels such as sustainable biofuels and hydrogen, the combustion engine will continue to play a significant role for our customers’ ability in reducing carbon emissions (CO2). We will continue to improve the efficiency of existing technology and we have high expectations for the use of renewable fuels derived from vegetable or organic origin in regions where sustainable supply can be provided. The sustainable aspect is important to avoid adverse effects on biodiversity, food-security etc.
For trucks with heavy loads and on long distances, hydrogen is a highly interesting alternative to reduce carbon emissions. Our goal is to offer heavy-duty vehicles with fuel cells for demanding long-haul applications in series production in the second half of the decade.
Environmental progress is a key element in our mission to drive prosperity through transport and infrastructure solutions.