Volvo Group made a big bet after the Paris agreement on climate change to lead the world when it comes to electric vehicles and sustainable development.
And during a keynote talk at CES 2025, Martin Lundstedt, president and CEO of Volvo Group reinforced the company’s commitment to be a leader to have net zero value chain greenhouse gas emissions by 2040. Technology and collaboration are Volvo Group’s most effective tools in achieving its ambitious target. That’s an interesting thing to hear from a company that is 96 years old.
Lars Stenqvist, joined Lundstedt on stage to bring us up to speed on how this bet is paying off. Amid climate skepticism and misinformation, some of the world’s leaders don’t believe in the cause. But Stenqvist believes there’s more risk in resisting change. That’s why the company is making not only changes in how it makes cars and the kind of cars it makes, it’s also changing its whole supply chain and working on infrastructure like EV charging and power generation.
With freight volumes expected to see a fivefold increase by 2050, the transition to ZEV solutions has become a clear necessity.
“If you’re not brave enough in embracing change, if you don’t invest in what is to come, then it’s a very big risk in a technology shift like this one. You’ll lag behind,” he said in an interview with GamesBeat at CES, the big tech trade show in Las Vegas last week.
We talked about this systemic shift that Stenqvist and Volvo want to see when it comes to sustainable transportation. And we talked about …