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Automotive Industry
German carmaker BMW aims to cut its CO2 equivalent emissions by at least 60 million metric tons by 2035 from 2019 levels, it said on Tuesday, setting new mid-term goals within the longer-term target of achieving net zero by 2050.
The new goal, which applies to all drive variants across a vehicle's life cycle, represents an additional reduction of about 20 million tons of CO2E beyond its existing target for 2030, it said.
To achieve the goals, which cover vehicles' design, raw material sourcing, production and use, BMW said it would increasingly use renewable energy in production and in the supply chain, products and processes and ensure a bigger share of its fleet is electrified.