BMW plans to reduce carbon emissions in car life cycle 40 pct by 2030
BMW plans to reduce carbon emissions across the life cycle of its vehicles - including the production process -- at least 40 percent from 2019 levels by 2030, the carmaker said on Thursday, up from a previous target of a third.
In order to achieve this, the Munich-based automaker intends to increase the proportion of recycled and reusable materials used in manufacturing its vehicles from 30 percent to 50 percent, it said in a statement released ahead of the IAA Mobility conference in Munich next week.
For the latest headlines, follow our Google News channel online or via the app.
“We are committed to a clear course to achieve the 1.5 degree target,” CEO Oliver Zipse said, referring to the Paris Agreement.
BMW has been reluctant to set a hard deadline for phasing out fossil-fuel cars, pointing out limitations to the expansion of electric vehicles including the sore lack of charging infrastructure across the EU and elsewhere.
Still, the automaker has set a range of sustainability targets in the past, including generating at least half of BMW Group sales from electric vehicles by 2030 and reducing CO2 emissions per vehicle and kilometer driven by at least half from 2019 levels in the same time frame.
Like its competitors, the company has warned that its revenues in coming months could be plagued by chip shortages and raw material prices, despite reporting stronger than expected profits in its latest quarterly results.
Read more: Luxury vehicles, recovering auto markets boost BMW profit
Saudi-based spare auto parts startup raises $1.8 million in fundingA Saudi-based startup has raised $1.8 million in funding for its platform that allows users to buy and sell car parts.For the latest headlines, follow ... Technology
Ford CEO says US needs to regulate automated driving systemsThe CEO of America’s second-largest auto company is calling for the federal government to set standards for fully or partially automated vehicles to ... Energy
Japan’s Toyota, Isuzu, Hino to create connected, autonomous truck technologyJapanese automakers Toyota, Isuzu and Hino said Wednesday they are setting up a partnership in commercial vehicles to work together in electric, ... Technology
Apple more than doubled autonomous-car road tests in 2020Apple Inc. more than doubled road testing of its self-driving cars in 2020 as its autonomous technology improved, though it still significantly lags ... Business
Luxury vehicles, recovering auto markets boost BMW profitGerman automaker BMW said third-quarter net profit rose 17 percent to 1.81 billion euros ($2.22 billion) as regional auto markets recovered and highly ... Economy