Countries, carmakers commit to end fossil-fuel vehicles by 2040

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Countries, carmakers commit to end fossil-fuel vehicles by 2040
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Volvo, Ford, GM aim for zero-emission vehicles but VW, Toyota and Stellantis aren’t part of the industry’s pledge

Cars, trucks, ships, buses and planes account for about a quarter of all global carbon emissions. Picture: REUTERS

Martin Kaiser, executive director of Greenpeace Germany, said the absence of the major economies and producers was “gravely concerning”. Cars, trucks, ships, buses and planes account for about a quarter of all global carbon emissions, data from the International Energy Agency showed, mostly from road vehicles.

As countries look to agree on a way to price carbon globally, Volvo, which has already committed to going fully electric by 2030, said separately it would assume a carbon price of 1,000 kronor on all future projects.

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