German automaker Mercedes-Benz Group AG aims to at least halve its carbon footprint per passenger car produced by 2030 compared to 2020 levels.
According to the company’s press release, to achieve this goal, it intends to increase the share of electric vehicles in the line of produced cars, use “green” charging technologies, work on improving battery technologies, and also actively use recycled materials and renewable energy sources in production.
Mercedes-Benz expects to produce exclusively electric vehicles by 2030. The company aims to increase the share of hybrid and electric vehicles to 50% of the total volume of passenger cars produced by 2025.
By 2030, the automaker intends to cover more than 70% of its energy needs from renewable sources, in particular through the use of solar panels and wind turbines at its enterprises.
The company has previously said it plans to achieve carbon neutrality in its operations by 2039.
Mercedes-Benz shares lost 1.3% in Frankfurt trading on Monday. Since the beginning of this year, their value has decreased by 8%.
