Volvo Group's ambition is to be carbon neutral by 2040. This effectively means net-zero carbon emissions in our production and sourcing, while offering our customers an increasingly broad range of zero-emission transport, mobility and construction equipment solutions.
Our President and CEO, Martin Lundstedt will deliver a keynote address detailing the path forward at the 2025 Consumer Electronics Show (CES) in Las Vegas in January. You can read more about this below.
Carbon neutrality means removing fossil fuels from the entire value chain - from the steel, aluminum and plastics we use to build our products, through to the fuel used by our customers in operation.
Volvo Group's collaboration with several suppliers around low-CO2-emission steel is an important complement to the traditional and recycled steel used in Volvo’s trucks. From 2025, for instance, the frame rails in around 12,000 Volvo FH and FM model trucks will be made of low-CO2-emission steel. This will result in savings of 6,600 tons of CO2 equivalents, which includes all greenhouse gas emissions including, for example, methane. As the availability of low-CO2-emission steel increases, it will be introduced in more truck models as well as in other parts of the truck.
Reducing carbon emissions is a key element on our journey, reflected in our focus on innovating net-zero carbon emission products, services and solutions. Volvo Group is already producing trucks, construction equipment, marine and industrial power solutions and buses that support our net zero ambitions. We believe that no single technology will be the answer to lowering emissions. This is why we have adopted a three-pronged approach to decarbonization.
Our three-pronged approach to reducing emissions during the use of our products (which accounts for up to 95% of lifetime usage emissions) includes the use of battery electric, hydrogen fuel cell and renewable fuel propulsion solutions. We take this approach to reducing emissions because we believe that there is no single propulsion technology that can work for every need in every location.
Our first battery electric bus was launched in 2015, the first battery electric truck in 2018 and the first fully electric construction equipment was launched in 2019.
Our brands offer a broad range of battery electric solutions across a wide product range, delivering quiet, emission-free operation that is perfect for city and on-site operations.
Discover more about our approach to battery electric propulsion
In addition to our battery electric solutions our combustion-engined trucks and buses can be operated using renewable fuels, such as HVO, LNG, eFuels and more.
When it comes to hydrogen, Volvo Group is advancing its fuel cell technology by the day and is developing it in cooperation with our competitors in a joint venture called cellcentric.
At the same time we are also working to create hydrogen combustion engines for our products utilizing a high pressure direct injection system jointly developed with Westport Fuel Systems in a joint venture called Cespira. This works by injecting hydrogen gas directly into a converted diesel engine where combustion begin with a renewable fuel such as HVO and serves as the pilot ignition for hydrogen combustion.
The beauty of this solution is that it has the potential to be applied to existing diesel engines with a fuel injection system upgrade and the installation of a hydrogen gas tank.
We believe that autonomous solutions can improve safety and increase productivity, while reducing costs.
We work with several partners automating our truck, bus and construction equipment solutions, via our Volvo Autonomous Solutions business.
Our focus, right now, is on hub-to-hub trucking, shipping terminal automation, and automation in the mining industry. An example of how automation works in the mining industry can be seen in our autonomous mining project in Brønnøy.
Thanks to Volvo Group's product development and shared technology approach, we have the capacity to roll-out such innovations in propulsion across a wide variety of product platforms.
We believe that the quickest path to a net-zero world involves the continual roll-out of zero-emission solutions. As one of the leading truck, bus and construction equipment companies in the world, Volvo Group is in a unique position to offer both business and societal players, such as municipalities, turnkey solutions that will have an immediate and significant impact on carbon emissions.
From city bus operations, roadwork machinery and garbage collection trucks, to city distributions services, Volvo Group has the products and service solutions available today to speed up your decarbonization journey.
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Being an agent of change is important to us. We play a leading role in the global transport, mobility and infrastructure industries, impacting business and communities all across the globe. Because of this we believe that clarity, transparency and intentions are paramount.
Volvo Group will use the international platform of CES 2025 to reveal the strategic direction that we as an industry leader are taking in the journey to net-zero carbon emissions. At CES we will hold a keynote address that outlines our innovative approach to reducing the emissions and impact of transport, mobility and infrastructure solutions on our planet.
Join us online in confidently transforming tomorrow at CES 2025: 9-10 am PST January 8th.
More than 500 companies will be present at CES 2025. In 2024 there were over 135,000 visitors - from over 150 countries, including over 5,000 global media and content creators. 60% of Fortune 500 companies were present, along with senior government officials from around the globe. This year we are one of four companies chosen to give a keynote on our approach to innovation in the field of decarbonization. Join us online for this event.
