Mercedes-Benz Cars to Cut Co2 Emissions by Half by 2030

   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)

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