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6 major carmakers agree to phase out fossil-fuel vehicles by 2040, UK says

Britain at COP26 said four new countries including New Zealand and Poland were joining other nations already committed to ensuring all new cars and vans are zero emission by 2040 or earlier.

The world’s CO2 emissions peaked just prior to the onset of the Covid-19 pandemic, then in 2020 registered the biggest annual decrease since at least 1965, according to data from BP Plc. (Photo: Bloomberg)
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Volvo has already committed to going fully electric by 2030.

Reuters
Six major automakers on Wednesday will commit to phasing out the production of fossil-fuel vehicles around the world by 2040, as part of global efforts to cut carbon emissions, Britain said in a statement.

But sources familiar with the pledge's contents said some big carmakers including the world's top two, Toyota Motor Corp and Volkswagen AG, and crucial car markets China, the United States and Germany have not signed up. This highlighted the challenges that remain to shifting to a zero-emission future.

Sweden's Volvo, U.S. automakers Ford and General Motors, Daimler AG's Mercedes-Benz, China's BYD and Jaguar Land Rover, a unit of

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