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AB Volvo : Volvo Group North America Statement on California’s Powering Up Californians Act

Volvo Group North America was pleased to work with lawmakers, manufacturers, environmental NGOs, medical and health organizations, environmental entrepreneurs, and other stakeholder... Volvo Group North America has supported California's Powering Up Californians Act, which aims to encourage the development of zero-emission vehicles for the commercial trucking industry and help the state achieve its climate goals and carbon emissions reduction targets. The legislation was supported by lawmakers, manufacturers, environmental NGOs, medical and health organizations, environmental entrepreneurs, and other stakeholder groups across the private and public sectors. Volvo Group shares California's commitment to the environment and aims to achieve 100% fossil-free product sales by 2040, with an interim target of 35% zero emission product sales. The Volvo Group is committed to shaping the future landscape of sustainable transport and infrastructure solutions.

AB Volvo  :  Volvo Group North America Statement on California’s Powering Up Californians Act

发表 : 2年前 经过 MarketScreenerFinance Auto

Volvo Group North America was pleased to work with lawmakers, manufacturers, environmental NGOs, medical and health organizations, environmental entrepreneurs, and other stakeholder groups across the private and public sectors in advancing this legislation. The "Powering Up Californians Act" supports the ongoing development of zero-emission vehicles for the commercial trucking industry, while contributing to helping the state achieve its climate goals and carbon emissions reduction targets.

"This legislation is a step in the right direction in addressing the regulatory obstacles that have hindered the effective expansion of electric vehicle charging infrastructure," said Aravind Kailas, Volvo Group North America Advanced Technology Policy Director. "It establishes a framework, encouraging investor-owned electric utilities to prioritize the development of charging infrastructure projects in alignment with the state's zero-emission regulations and goals. Such utility policies - together with incentive programs for vehicles and infrastructure - are needed for the clean energy transition in trucking."

Volvo Group North America shares California's commitment to the environment, and to the goal of accelerating adoption of zero-emission vehicles in the marketplace. In 2020, the Volvo Group made a global pledge to achieve 100% fossil-free product sales by 2040, with an interim objective of 35% zero-emission product sales by 2030. Achieving these objectives necessitates supportive public policies that facilitate charging infrastructure availability and offer incentives to offset initial vehicle and infrastructure costs.

For further information, please contact Paul Flake, Volvo Group North America: phone +1 336-549-6135; [email protected].

The Volvo Group drives prosperity through transport and infrastructure solutions, offering trucks, buses, construction equipment, power solutions for marine and industrial applications, financing and services that increase our customers' uptime and productivity. Founded in 1927, the Volvo Group is committed to shaping the future landscape of sustainable transport and infrastructure solutions. The Volvo Group is headquartered in Gothenburg, Sweden, employs approximately 95,000 people and serves customers in more than 190 markets. Volvo Group North America, with headquarters in Greensboro, NC, employs nearly 17,000 people in North America and operates 15 manufacturing and remanufacturing facilities in Canada, Mexico and the United States. In 2021, the Volvo Group's global net sales amounted to about $43 billion USD. Volvo shares are listed on Nasdaq Stockholm. For more information, please visit www.volvogroup.com.


话题: Markets, California, Volvo, North America

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