Volvo Trucks urges collaboration on green transition

The automotive industry is under increased pressure to transition from fossil fuel-powered platforms to those that produce no carbon emissions, with automakers faced with an unprecedented challenge in meeting regulatory demands. Even if they do, challenges still lie ahead. For instance, industry trade group CLEPA warned in December 2021 that allowing only zero emissions vehicles to be sold after 2035—as specified in an EU proposal—would result in the net loss of 275,000 industry jobs. Finding the right path forward will be crucial for the industry’s continued success.