Volvo aims to be climate neutral by 2040

Volvo Cars aims to be climate neutral by 2040 and to get there it will slash its life cycle carbon footprint by 40 percent to 31.8 tons of CO2 per car by 2025 from 53 tons in 2018, the company said Wednesday.

Crucial to achieving the goals is a lineup of full-electric cars led by the XC40 P8 AWD Recharge, which debuts here today. Volvo’s first battery-driven model is also the automaker’s first car to carry the word Recharge in its name. The name will be attached to all Volvos that have either a full-electric or a plug-in hybrid powertrain.