Major car firms fail to back CO26 EV pledge
Published
Jaguar Land Rover, Ford, Mercedes-Benz and Volvo sign zero emission pledge at climate summit - but other key manufacturers decline
Ford, Jaguar Land Rover, Mercedes-Benz, GM and Volvo are among the car firms who have backed a pledge made at the COP26 climate conference to eliminate new car emissions by 2040 – but most of the world’s largest manufacturers and a number of key countries haven’t backed the deal.
The declaration was agreed by attendees as the United Nations climate summit in Glasgow, and aims to help accelerate the transition to zero emission vehicles. The non-binding pledge has been signed groups included national, regional and local governments, car makers, fleet and mobility operators and investors in automotive manufacturers.
In the pledge, automotive manufacturers agree to “work towards” only selling fully zero emission new cars and vans in “leading markets” by 2035 or sooner.
The governments who have signed the deal, which includes the United Kingdom, have agreed to work towards selling only zero emission new cars and vans from 2035 in leading markets, and 2040 elsewhere. The UK has already committed to doing that by 2035.
However, most of the world’s leading car firms, including the BMW Group, Renault Group, Hyundai Motor Group, Stellantis, Toyota and the Volkswagen Group have not signed the deal, despite months of negotiations taking place.
China, France, Germany and the United States were among notable countries did not sign the pledge, although a number of US states and cities did.
The Financial Times has reported that the failure of China, Germany and the US to back the pledge was a key reason some of the automobile manufacturers declined to, along with concerns about the speed of transition to zero emission vehicles in several markets.
The car firms that have signed the deal are: Avera Electric Vehicles, BYD Auto, Etrio Automobiles, Ford, Gayam Motor Works, GM, Jaguar Land Rover, Mercedes-Benz, Mobi, Quantum Motors and Volvo Cars.