Volvo wants to beat other automakers to climate-friendly steel ...Middle East

Quartz - Economy
Volvo wants to beat other automakers to climate-friendly steel
source : Quartz ( Middle East ) () 19
The biggest climate problem with cars is tailpipe emissions. Fortunately, the electric vehicle industry is booming; a June 10 forecast by Bloomberg predicts that by 2030 at least 34% of new cars sold globally will be zero-carbon, even without any new policies to speed the transition (and at least 58% with more aggressive government support). That’s up from just 4% in 2020.But even if every car was powered by electricity produced by solar panels and wind turbines, automakers would still have a major carbon footprint, thanks to their reliance on the notoriously carbon-intensive steel industry. Now, the transition to green steel is getting a big push from Volvo, which announced a deal on June 1

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