Renewable project payback times are apparently shortening as Mercedes-Benz Group seeks to halve its carbon emissions by the end of the decade.
Speaking with CNBC, Mercedes-Benz Group Chairman Ola Källenius discussed on April 12 the automaker’s renewable energy initiatives as the firm promises to reduce its carbon emissions by the end of the decade.
Plans include electrification of the fleet, improving battery technology, charging using green energy sources, and conducting extensive use of recycled materials and renewable energy in production capacities.
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Källenius noted:
“I think those payback times are going to start to shorten so investing in renewable is good business.”
Earlier, on April 11, the chairman stated the German auto giant has “a clear roadmap how to become carbon-neutral.”
“The desire for individual mobility keeps growing. Our mission is to meet this need in a sustainable way. Mercedes-Benz has a clear roadmap how to become carbon-neutral. By 2030, we want to reach the half-way mark. In order to make faster progress in protecting the climate we need maximum dedication and more collaboration among governments, companies and society as a whole,” said Ola Källenius.
Electric vehicle future
Mercedes plans to achieve a 50% share of plug-in hybrids by 2025 with the goal of going all-electric by 2030. Currently, Mercedes has six all-electric vehicles on offer, with plans of increasing this number to nine.
“Mercedes me charge’ network is planned to have around 300,000 public charging points across Europe and power the points using renewable sources, this initiative is also labeled as ‘green chaging2.”
The green steel supply chain is currently being set up by the company with an aim to have low-CO2 and zero-CO2 steel. In 2021 the company took a stake in H2 Green Steel, a Swedish start-up company aiming to introduce green steel in their cars by 2025.
Leaders in various fields are looking to reduce their carbon footprint by either investing in renewable energy projects or outsourcing some of their heavy CO2 production to companies that mitigate this output.
As the leader in the automotive industry, Mercedes is looking to jump to the forefront of more responsible production and consumption, making their cars and the entire system behind them more Eco friendly.
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