EU to amend European climate law (ECL), to introduce intermediate climate target for 2040 On December 10, the Council presidency and the European Parliament’s representatives reached a provisional agreement on amending the European climate law (ECL), introducing a binding intermediate climate target for 2040 of a 90% reduction in net greenhouse gas (GHG) emissions compared to 1990 levels. The agreement also confirms postponing the start of the ...

News  Updated at: 2025/12/11

nce on rare earth materials. The company’s proprietary magnet technology, based on Iron Nitride, enables magnets that are free of rare earths and other critical materials. U.S. industries currently consume approximately 50,000 tons of permanent magnets annually, with demand projected to double by 2040 for EVs and defense system production and data centers construction. Rowntree said that current U.S. magnet manufacturing output is less than 10,...

News  Updated at: 2025/11/26

NDC, which will now be submitted to the United Nations Framework Convention on Climate Change (UNFCCC), is to reduce net GHG emissions by 66.25 –72.5 % below 1990 levels by 2035, covering all sectors of the economy and all GHGs. This is an ambitious milestone on the path to a 90% net reduction by 2040 compared to 1990 levels. The Member States have agreed to a legally binding headline 2040 target of 90% with a domestic target of 85% and up to 5...

News  Updated at: 2025/11/10

European Council announces deal on 2040 climate goal On November 5, the European Council announced that it has reached an agreement on amending the European climate law (ECL), introducing a binding intermediate climate target for 2040 of a 90% reduction in net greenhouse gas (GHG) emissions, compared to 1990 levels. This new target is a crucial step towards the EU’s long-term goal of achieving climate neutrality by 2050. The amendment also sets...

News  Updated at: 2025/11/06

ize ESG data, enable real-time monitoring, automate regulatory compliance, and provide actionable sustainability insights for all manufacturing plants and the broader value chain. This initiative supports Tata Motors’ goals of achieving net-zero emissions for passenger and commercial vehicles by 2040 and 2045, respectively, and aligns with SEBI’s Business Responsibility and Sustainability Reporting (BRSR) framework. The platform’s AI-drive...

News  Updated at: 2025/10/31

ers (China-SAE) announced the release of the “Technology Roadmap 3.0 for Energy Saving and New Energy Vehicles (NEVs)” (the Roadmap) at the 32nd China-SAE Congress & Exhibition (SAECCE 2025). Proposed in the Roadmap are the following seven overall objectives for China’s automotive industry by 2040. -          Carbon emissions from the automotive industry shall peak ahead of schedule around 2028, and the total emissions shall decrea...

News  Updated at: 2025/10/27

nd the EU-Mercosur Partnership Agreement (EMPA). ACEA members cover a significant portion of the total trade in goods and services of over EUR 153 billion in 2024 between the EU and the Mercosur region, as well as the approximately EUR 380 billion of mutual investment in the two regions in 2023. By 2040, the agreement is expected to add EUR 77.6 billion to the EU GDP and EUR 9.4 billion to the Mercosur GDP.  Based on ACEA press release ...

News  Updated at: 2025/10/13

Lion’s Intercity with EfficientHybrid drive, which recovers energy during braking, stores it in a roof-mounted ultracap module, and uses it to assist the engine or for start-stop operation, reducing fuel consumption, emissions, and engine stress. Additionally, MAN showcased the “NEOPLAN eCoach 2040 Future Concept” and an Innovation Corner focusing on sustainable design. The company also presented MAN Transport Solutions, offering tailored ...

News  Updated at: 2025/10/06

vehicle aluminum wheels plant in Johannesburg, South Africa, is now powered by its own solar farm. Installed by energy company Terra Firma, the 2.9 MWh photovoltaic system marks the company’s eighth solar program and forms part of its Roadmap Zero strategy to achieve net-zero carbon emissions by 2040. The car park and ground mount solar installation is expected to reduce CO2 emissions by approximately 5,100 tons annually while supplying around...

News  Updated at: 2025/09/29

of this approach is horizontal recycling, which focuses on recovering valuable materials from End-of-Life Vehicles (ELVs) and repurposing them into new products. Toward its goal to reduce environmental impact, Honda will strive to make BEV and FCEV vehicles represent 100% of auto sales globally by 2040, while also beginning electrification of Honda powersports and power equipment product lineups. (Honda release on September 16, 2025)...

News  Updated at: 2025/09/19

Fuji Keizai forecasts global FC system market growth to JPY 18 trillion in FY2040 Fuji Keizai Co., Ltd. (Fuji Keizai, Chuo Ward, Tokyo) announced its investigation report on the trends in the global fuel-cell (FC) system market. In the fiscal year that starts in April 2040 (FY2040), the FC system market is expected to grow to JPY 18.23 trillion, a 45-fold increase from FY2024. The global FC truck market is likely to expand to JPY 3.63 trillion (a...

News  Updated at: 2025/09/09

us. The Mercosur deal will eliminate tariffs of up to 35% on EU-made vehicles, opening the doors to a market of around 3 million vehicles. At a time when access to other important markets is being restricted, the Mercosur FTA could lead to a threefold increase in EU-made automotive goods exports by 2040. The agreement also strengthens Europe’s economic resilience by supporting diversified supply chains for critical raw materials, such as lithiu...

News  Updated at: 2025/09/04

oven chassis, brakes, and axles as its diesel equivalent, offering familiar maintenance benefits for operators. Configured with 4x2 traction, it can accommodate bodies up to 13.5 meters and carry up to 90 passengers. The model supports Volvo’s global goal of achieving zero fossil CO2 emissions by 2040. (Volvo Group Brazil on August 8, 2025)...

News  Updated at: 2025/08/09

ctric Vehicle Industry Development Act (EVIDA), the EVIS offers fiscal and non-fiscal incentives for local production of EVs, batteries, components, and infrastructure. Final deliberations on the strategy are set for July 2025. The strategy outlines bold but achievable production goals from 2028 to 2040, aiming to support the deployment of up to 9 million e-mobilities, including 2- and 3-wheelers, passenger cars, buses, and trucks, alongside near...

News  Updated at: 2025/06/25

edEx operators, with reliable, cost-effective charging. Despite growing uncertainty around California's clean energy policies, the state remains committed to upholding its Zero-Emission Vehicle (ZEV) mandates. As utilities work to meet growing demand for power to support these mandates (100% ZEV by 2040 for medium- and heavy-duty vehicles), many EV charging sites are turning to battery microgrids for quicker, more efficient power without strainin...

News  Updated at: 2025/06/25

urers of EVs, components, batteries, charging stations, and testing facilities, while also supporting R&D and workforce development. Incentives include income tax deduction certificates for use during commercial operations. The strategy targets up to 6.3 million EVs and 147,000 charging stations by 2040 under a clean energy scenario, with lower goals under a business-as-usual (BAU) outlook. (From an article of Philstar on June 13, 2025)...

News  Updated at: 2025/06/13

cal company. For FY 2030, the company aims to increase sales to JPY 550 billion from JPY 486.8 billion in FY 2024, and operating profit of JPY 60 billion from JPY 18 billion. The company has also set a sales target of JPY 1 trillion and an operating profit target of FY 100 billion for FY 2035 to FY 2040. UBE has extended the period of its mid-term plan from the previous three to six years to steadily implement reforms. UBE’s five important issu...

News  Updated at: 2025/05/22

Hanon Systems expands photovoltaic capacity at Kladno plant, Czech Republic Hanon Systems has launched phase 2 of its photovoltaic system at Kladno plant in the Czech Republic, adding 20,000 sqm of rooftop solar panels to the existing 2,000 sqm of panels, with another 16,000 sqm planned in the coming weeks. The project supports the company’s goal of becoming carbon neutral by 2040. Once completed, the system is expected to generate approximatel...

News  Updated at: 2025/05/15

tations comply with national standards and safety protocols, solidifying the company’s role in advancing the Philippines’ transition to electric mobility. This initiative is in line with the DOE’s roadmap, which aims to achieve a 25% EV share in the passenger vehicle market by 2030 and 50% by 2040. (From SM Prime press release dated May 14, 2025)...

News  Updated at: 2025/05/15

   Volvo FM Low Entry     •    Volvo FMX Electric     •    Volvo FH Electric (International Truck of the Year 2024)     •    Volvo FH Aero Electric     •    Volvo VNR Electric Volvo Trucks drives the decarbonizing of transport to reach its net-zero emissions target by 2040 using a three-path technology strategy. This approach is built on battery electric, fuel cell electric and combustion engines that run on renewab...

News  Updated at: 2025/04/30