Skip to content
CityAM
Main navigation
  • News
    • News
      • Latest Business News
      • Economics
      • Politics
      • Tech
      • Banking
      • FTSE 100 Live
      • Retail
      • Insurance
      • Legal
      • Property
      • Transport
      • Markets
    • From our partners
      • AON
      • Bayes Business School
      • Canada BIDs
      • Central London Alliance CIC
      • Destination City
      • Halkin
      • Olympia
      • Inside Saudi
      • Tottenham Hotspur Stadium
      • Santander X
      • YEAR SIX Dividend
    • Featured

      AO World doubles down on Music Magpie acquisition as profit soars

      AO World is headquartered in Bolton.

      Submit a story

      Tell us your story.

      Submit
  • Opinion
  • Sport
    • Latest Sports News
      • Sport
      • Sport Business
    • From our partners
      • The Morning Briefing: SBS x CityAM
      • Aramco Team Series
      • LIV Golf
    • Featured

      England’s secret weapon against World Cup heat? British company’s £26 product

      Breaking news scene with journalists interviewing a business leader in front of corporate headquarters, microphones and ca...

      Submit a story

      Tell us your story.

      Submit
  • Life&Style
    • Life&Style
      • Life&Style
      • Toast the City Awards
      • The Magazine
      • Travel
      • Culture
      • Motoring
      • Wellness
      • The RED BULLETiN
      • Do it with Shared Ownership
      • Media Speak Hub
    • Featured

      Old Pulteney releases 50-year-old whisky for 200th anniversary

      Old Pulteney 50-Year-Old single malt Scotch whisky bottle with elegant packaging on display, highlighting luxury and craft...

      Submit a story

      Tell us your story.

      Submit
  • Investec
  • Events
  • Latest Paper
Wednesday 10 November 2021 10:04 am  |  Updated:  Wednesday 10 November 2021 12:21 pm

All new cars will be net zero by 2040, says COP26 declaration

By: Ilaria Grasso Macola

Add as a preferred source on Google
Industry and government stakeholders have agreed for all new car sales to be net-zero by 2040. (Photo/Pixabay).

Representatives from several governments, businesses and other automotive stakeholders have committed for all new car sales to globally be net zero by 2040.

By signing the COP26 “declaration on zero emission cars and vans”, stakeholders have agreed that in leading markets the transition to environmentally conscious vehicles will need to happen no later than 2035, with cities and regional governments working to put in place policies that will incentivise the change.

While automotive manufacturers – including Ford, Mercedes-Benz and Volvo – have committed to net-zero sales by 2035, business fleet owners such as National Grid and Ikea have pledged to turn their car and van fleets green by 2030.

“We will work together to overcome strategic, political, and technical barriers, accelerate the production of zero emission vehicles and increase economies of scale, to make the transition faster, lower cost, and easier for everyone,” wrote the signatories.

Commenting on the commitment, Thomas Ingenlath, chief executive at automotive company Polestar, called for increased transparency from the car industry.

“Car companies are still talking about selling petrol and diesel cars until 2040,” he said.

“Considering the lifetime of a car, they will still be driving and polluting in the second half of this century. They are delaying one of the most powerful climate protection solutions available to us.”

Read more

Starmer overrules Miliband on electric car sales targets as he looks to appease automotive industry

Ed Miliband and Keir Starmer discussing wind energy policy at a press conference, highlighting renewable energy initiatives.

The declaration also received negative feedback from environmental stakeholders. Greenpeace called the pledge “the weakest of agreements”, as big players – including Renault-Nissan and Volkswagen – were not part of the signatories.

“What’s gravely concerning today is that major economies like the US, Germany, China, Japan and manufacturers like Toyota and Hyundai could not even bring themselves to sign a declaration on electric vehicles that promises less than what’s actually required to maintain climate security,” said Greenpeace Germany’s executive director Martin Kaiser.

According to the International Energy Agency, to align with the 1.5 degree pledge, 60 per cent of global new car sales need to be battery electric by 2030, while internal combustion engine cars need to be phased out by 2035.

“To stop new fossil fuels, we need to cut off our dependency,” added Kaiser. “That means moving on from combustion engines towards electric vehicles and creating clean public transport networks without delay.”

Talking to CityAM, Transport and Environment’s UK director Greg Archer added: “The 2040 timeline proposed by countries to end sales of new engined cars is a step in the right direction but too late to deliver the transformation needed in time.

“More concerning is that major car producers like Germany, China and the USA have failed to make any commitment to shift to only zero emission cars and vans along with the biggest global carmakers Toyota and Volkswagen.”

Read more

Government urged to accelerate review of ‘disruptive’ EV sales targets

Caledonia has bought a majority stake in DTM for £55m

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business
  • Transport & Infrastructure

Related Topics

  • COP26
  • Electric Cars

Trending Articles

  • Rathbones to suspend thousands of client account inflows after FCA probe deals £530m blow

  • As it happened: FTSE 100 relief rally runs out of steam as BP and Shell weigh; Oil hits three-month low

  • Rolls-Royce shares surge as SMR unit bags multi-billion pound Swedish nuclear contract

  • More Big Four blues as Deloitte plans to slash UK audit roles

  • London Tech Week sums up everything wrong with UK tech

More from CityAM

  • Starmer overrules Miliband on electric car sales targets as he looks to appease automotive industry

    Energy
    Ed Miliband and Keir Starmer discussing wind energy policy at a press conference, highlighting renewable energy initiatives.
  • Government urged to accelerate review of ‘disruptive’ EV sales targets

    Motoring
    Caledonia has bought a majority stake in DTM for £55m
  • ‘Exceptionally challenging’: Starling puts climate target under review

    Fintech
    Starling is predicted to ramp up its banking-as-a-service platform in a rebrand. (Image: Starling)
  • Burberry delays climate pledge by a decade to 2050

    Retail
    Burberry fashion show runway featuring models in luxury attire showcasing the latest collection in an elegant setting
  • China’s Chery poised to strike deal with Nissan to build cars at Sunderland plant

    Business
    Chery Tiggo 9 SUV exterior design showcasing sleek lines and modern features in a press kit release image
  • Intel Named Official Compute Partner of McLaren Racing

    Business Wire
  • Rachel Reeves to scrap fuel duty hike 

    Economics
    Rachel Reeves speaking at an IOD event.
  • Fasanara Capital Launches Investment Platform for Ferrari-backed Lending

    Business Wire

CityAM Canada — business, markets and opinion for Canadian readers.

Sections

  • Business
  • Markets
  • Tech
  • AI
  • Economics
  • Opinion
  • Cities

Company

  • About
  • Contact

Legal

  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 CityAM Canada. All rights reserved.
Terms · Privacy · Cookies