Mercedes-Benz Cars to Cut Co2 Emissions by Half by 2030
April 11 2022 - 9:57AM
Dow Jones News
By Kim Richters
Mercedes-Benz Group AG on Monday said its cars business plans to
reduce CO2 emissions by more than half by the end of the decade and
confirmed previously announced electrification targets.
The German premium car maker said it wants to cut emissions per
passenger car over the lifecycle by more than 50% by 2030, compared
with levels in 2020. As previously announced, the company aims to
be CO2-neutral by 2039.
The company confirmed that it would be ready to go fully
electric by the end of the decade where market conditions allow,
and that it expects plug-in hybrid and battery-electric vehicles to
account for up to 50% of sales by 2025.
Mercedes-Benz also said it wants to use renewable energy to
cover more than 70% of its energy needs by 2030.
At 1246 GMT, shares in Mercedes-Benz were trading 1.8% lower at
EUR62.10.
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
April 11, 2022 09:42 ET (13:42 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
Mercedes Benz (PK) (USOTC:DMLRY)
Historical Stock Chart
From Jun 2024 to Jul 2024
Mercedes Benz (PK) (USOTC:DMLRY)
Historical Stock Chart
From Jul 2023 to Jul 2024