In 2019, Volvo Cars launched their climate plan in the automotive industry, with the goal of becoming a climate-neutral company by 2040. Volvo Cars ambitions go beyond addressing tailpipe emissions through all-out electrification; the company also aims to reduce carbon emissions in its manufacturing network, wider operations, supply chain and through the recycling and reuse of materials. In 2020, Volvo had announced that its global plants were powered by 50 per cent climate neutral energy.