Polestar Aims to Manufacture Fully Carbon Neutral Vehicle
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Polestar, a Swedish automotive company created by
Volvo (OTCMKTS: VLVLY), revealed it would be manufacturing a 100% carbon neutral car called Polestar 0, by 2030. The company had previously announced a partnership with blockchain provider Circulor, which is set to help track CO2 equivalents within the supply chain.
“For Polestar, caring about ethics and the environment is a key concern,” says Polestar CEO Thomas Ingenlath. “This unprecedented level of tracking means Polestar is promoting sustainable and ethical practices in its supply chain and providing greater transparency to consumers.”
The automaker said it will not depend on carbon offsets, as others within the industry have to achieve carbon neutrality, but will focus on completely reducing carbon emissions generated through the production of its vehicle.