Procurement Resource Logo
    • Complexity Reduction Tool
    • Digital Should Cost Model
    • Procure 360
    • Sourcing Compass
    • Spend Analytics
    • Sustainability Tracker
    • Pricing Dashboard
  • Industries
    • Agriculture & Farming Commodities
    • Chemicals
    • Energy, Metals and Minerals
    • Flavours and Fragrances
    • Food and Beverages
    • Healthcare
    • Machinery, Electronics and Durables
    • Operating Costs, Logistics and Utilities
    • Packaging
  • Services
    • Category Compass
    • Commodity Compass
    • Supplier Compass
    • Data Analytics & Automation
    • Digital Solutions
    • Blogs
    • News & Articles
    • Newsletter
    • Manufacturing Plant Project Report3000+
    • Production Cost Report2000+
    • Price Trends1000+
Social Media Icon of linkedinCall Support IconSearch Icon
Login

Newsletter

Get Latest News About Procurement Resource Subscribe for News

Industries

  • Agriculture & Farming Commodities
  • Chemicals
  • Energy, Metals and Minerals
  • Flavours and Fragrances
  • View All

Services

  • Category Compass
  • Commodity Compass
  • Supplier Compass
  • Data Analytics & Automation
  • Digital Solutions
  • View All

Useful Links

  • Testimonial
  • Press Releases
  • About Us
  • Careers
  • Who We Are
  • Term Of Use
  • Contact Us

Solutions

  • How We Work
  • Tail Spend Management
  • Full Time Engagement
  • Custom Research
  • Subscriptions
  • Resource Center
  • Return/Refund Policy
Copyright © 2026 Procurement Resource. All rights reserved.
  • Social Media icon Twitter i.e X
  • Social Media icon instagram i.e insta
  • Social Media icon linkedin i.e in
  • Social Media icon facebook i.e fb

News and Articles

  1. Home/
  2. News and Articles/
  3. Major Automakers Agree to Phase Out Fossil-Fuel Vehicles by 2040: Britain

Major Automakers Agree to Phase Out Fossil-Fuel Vehicles by 2040: Britain

Blog Detail Image
Nov 11, 2021
˜ Jessica

Six major automakers will commit to phasing out the production of fossil-fuel vehicles around the world by 2040, according to a statement released by the British government on Wednesday. This is part of a global drive to reduce carbon emissions.

However, sources familiar with the pledge's terms claim that some major automakers, including the world's top two, Toyota Motor Corp. and Volkswagen AG, and key auto markets such as China, the United States, and Germany, have not signed up. This brought to light the difficulties that remain in achieving a zero-emission future.

Cars, trucks, ships, buses, and planes, according to the International Energy Agency, account for around a quarter of all global carbon emissions, with road vehicles accounting for the majority. Emissions from the transportation sector, including vehicles, aeroplanes, trains, and ships, have more than doubled since 1970.

Volvo of Sweden, Ford Motor Co. and General Motors Co. of the United States, Mercedes-Benz of Daimler AG, BYD Co. of China, and Jaguar Land Rover, a unit of India's Tata Motors Ltd., were set to sign the pledge at climate talks in Glasgow, the latest initiative to help limit global warming by the mid-century.

Volvo has already stated that it will be completely electric by 2030. The Jaguar brand will become all-electric starting in 2025. Ford has said its passenger car fleet in Europe will be all-electric by 2030. Mercedes has said it will be ready to go all-electric at the end of the decade, where market conditions allow.

In the United States, General Motors, Ford, and Stellantis- Chrysler's parent company- announced they would increase their electric and electrified vehicles sales by 40% to 50% by 2030. Recently, Ford and General Motors announced investments in battery production facilities to make cells for their EV lineups. Four more countries, including New Zealand and Poland, have pledged to make all new vehicles and vans zero-emission by 2040 or earlier, according to Britain, which is hosting the COP26 session.

The announcement comes on a conference day dedicated to transportation.

However, the pledge's apparent failure to gain traction in China, the world's largest auto market, and the United States, the world's largest economy and second-largest car market, raises concerns about its effectiveness. General Motors said it is proud to join other businesses, governments, and civil society organisations in supporting the statement to strive toward a transition to 100% zero-emission vehicles by 2035.

Ford acknowledged its participation and stated that success would require everyone to work together. While the United States is not adopting the pledge, significant car-buying states such as California and New York have signed up, according to sources.

Some automakers are wary of the plan, according to a source in the industry, because it commits them to an expensive technological shift without a matching commitment from governments to ensure that the necessary charging and grid infrastructure is created to support electric vehicles.

The European Commission recommended an effective ban on fossil-fuel vehicles by 2035 in the summer, along with a commitment to charging infrastructure, which carmakers had requested. Stellantis, the world's fourth-largest automaker, was also absent from the latest pledge, as were Honda Motor Co. and Nissan Motor Co. of Japan, BMW of Germany, and Hyundai Motor Co. of Korea.

Uber Technologies Inc, a ride-hailing company, will also be a signatory, according to sources. According to a statement released by the British government, a joint declaration will be signed by firms such as Sainsbury's and cities throughout the world trying to green their vehicle fleets.

Recent News & Articles

Class III Milk Forecast Lifted to $17.00/cwt on Cheese and Whey Strength
Class III Milk Forecast Lifted to $17.00/cwt on Cheese and Whey Strength
Cheese Procurement Outlook: Spot Prices Ease, Annual Forecasts Rise
Cheese Procurement Outlook: Spot Prices Ease, Annual Forecasts Rise
Coconut Oil Procurement Outlook Improves as Export Supply Grows
Coconut Oil Procurement Outlook Improves as Export Supply Grows
Rapeseed Oil Supply Outlook Improves as Canada Stocks Rise
Rapeseed Oil Supply Outlook Improves as Canada Stocks Rise
Sunflower Oil Supply Rebuild Coming as Ukraine Output Jumps 19 Percent
Sunflower Oil Supply Rebuild Coming as Ukraine Output Jumps 19 Percent

Tags

#Commodity Prices
#Commodity Prices
#Commodities
#Commodities
#Industrial News
#Industrial News
#Gold
#Gold
#Chemicals
#Chemicals
#Outlook for Potassium Carbonate
#Outlook for Potassium Carbonate
#US Steel Scrap Prices
#US Steel Scrap Prices
#USDA Milk Forecast
#USDA Milk Forecast
#Cheese Prices
#Cheese Prices
#Agriculture Raised
#Agriculture Raised
  • Access independent price trends and market intelligence for thousands of raw materials.
  • Request customised production cost and prefeasibility reports for specific plants or locations.
  • Explore subscription dashboards for continuous tracking of prices, indices, and news.
  • Commission bespoke research on categories, suppliers, or trade flows tailored to your brief.

Our Team will be happy to assist you

We are Just a Text away

Read other news in this category

Central Banks Buy 244 Tonnes of Gold in Q1 2026 as Diversification Drive Continues
Central Banks Buy 244 Tonnes of Gold in Q1 2026 as Diversification Drive Continues
US Steel Scrap Prices Remain Flat in May 2026 Despite Record Mill Production Gains
US Steel Scrap Prices Remain Flat in May 2026 Despite Record Mill Production Gains
Electrical manufacturers face copper price escalation after record rally
Electrical manufacturers face copper price escalation after record rally
Palm oil demand weakens in India as rival edible oils gain appeal
Palm oil demand weakens in India as rival edible oils gain appeal
India fuel price hike puts transport contracts under new cost pressure
India fuel price hike puts transport contracts under new cost pressure