This milestone follows Volvo’s previous announcement in 2022 to discontinue the development of new internal combustion engines. By selling its stake in Aurobay, the joint venture responsible for its remaining combustion engine assets, Volvo redirected its focus entirely towards electric powertrains.
SSAB plans to begin producing its fossil-free steel at scale in 2026, while Volvo plans to have an entirely climate-neutral business by 2050, including its supply chain.
In a bid to meet its stated “carbon free” goals, Volvo is teaming up with Swedish steel manufacturer SSAB and its HYBRIT initiative, which is being called “the industry’s most ambitious and advanced project” in terms of fossil-free steel development.
“We’re electric, so we don’t have to worry about combustion engines producing toxic emissions – but that doesn’t mean our job is done,” says Polestar’s Head of Sustainability, Fredrika Klarén. “We will now work to eradicate all emissions stemming from production.”
At least 25 percent of the plastics used in new Volvo car models from 2025 will be from recycled materials.
Landmark move as first big manufacturer says it will stop making vehicles solely powered by internal combustion engine
The reason the three-point seatbelt is so widely adopted is actually because Volvo opened up the patent so that any car manufacturer could use it in their design.