Save for later Print Download Share LinkedIn Twitter Sweden's Volvo Cars plans to test the manufacturing of autos with "green steel" that uses hydrogen and renewable power to replace coking coal in the steel-making process. Volvo Cars -- which is Chinese owned -- will sell only electric cars from 2030, dropping all hybrid, gasoline and diesel models from its lineup. It is teaming up with Swedish steel maker SSAB, which has developed a fossil-free steel production method using renewable power and hydrogen instead of fossil fuels and coking coal. Steel production accounts for about 7% of the world's man-made carbon emissions but it is difficult to decarbonize. SSAB hopes to be supplying green steel on a commercial scale by 2026 and Volvo Cars plans to be the first auto-maker to use it in its vehicles. Sweden's AB Volvo sold Volvo Cars to Ford in 1999 and it became a subsidiary of China's Geely company in 2010. Volvo Cars says roughly 35% of the CO2 emissions generated during production of a gasoline or diesel car come from iron and steel manufacturing, but that percentage falls to 20% for an electric vehicle.
