Volvo is leading the charge in a campaign to have all petrol and diesel cars banned in the European Union by 2035.
The CEO of the car company, Jim Rowan, believes that the most effective way to lower CO2 emissions is to implement a ban on petrol and diesel vehicles.
Volvo, along with 49 other companies such as Rivian and Ikea, has signed an open letter addressed to the European Union.
The letter urges the EU to uphold the planned ban on new petrol and diesel cars by 2035.
"Electrification is the biggest thing we can do in industry to reduce our CO2 footprint," Jim Rowan stated, as reported by Bloomberg.
However, not all automakers supported the initiative.
Major car manufacturers like BMW and Stellantis declined to sign the declaration, although other prominent companies outside the auto industry, including Uber and Ikea, did add their signatures.
Interestingly, Volvo recently reconsidered its own goal of exclusively producing electric cars by 2030. During the launch of the facelifted XC90, the company appeared to backtrack on this ambitious target.
Other automakers, such as Volkswagen, Ford, and Mercedes, have similarly adjusted their plans. Both Volkswagen and Mercedes have announced investments in more efficient hybrid engines, diverting funds that were previously earmarked for electric vehicle development.
Despite this, Volvo remains committed to the EU ban on internal combustion engine vehicles.
The company’s management is confident that by 2030, most of its sales will be electric vehicles, with a target of 90 to 100 percent electric cars by that time.
