Automotive giant, Volvo is planning to go leather-free by 2030
Volvo is anticipating all the models it sells to be leather-free by 2030, a move which represents the latest example of how automakers are looking to make their vehicles more sustainable.
The automotive company made the announcement stating it wanted a quarter of the material used within its new cars to “consist of recycled and bio-based content” by 2025
But what material will the car giant use?
One of the interior materials it will look to use, called Nordico, is made up of textiles derived from recycled materials like polyethylene terephthalate bottles as well as “material from sustainable forests in Sweden and Finland, and corks recycled from the wine industry.”
Volvo says while it plans to move away from animal-sourced products, it would be open to offering responsibly sourced alternatives
While Volvo intends to scrap the use of leather within its cars, the automotive company confirmed that it would “continue to offer wool blend options from suppliers that are certified to source responsibly.”
Volvo plans to go all-electric by 2030, too, only producing EV’s from that year onwards.
The car manufacture is keen to become a leader when it comes to electric vehicle technology.
Amazon reported better-than-expected results for the last quarter, surpassing analysts’ estimates.
Amazon reported better-than-expected results for the last quarter, surpassing analysts’ estimates, driven by strong performance in its cloud computing and AI.
Tesla cut the U.S. prices of its Model Y, Model X and Model S vehicles by $2,000 each, days after the first-quarter deliveries of the world’s most valuable automaker missed market expectations.
Elon Musk’s electric-vehicle (EV) maker lowered the prices for its Model Y base variant to $42,990, while the long-range and performance variants are now priced at $47,990 and $51,490, respectively, according to its website.
The basic version of the Model S now costs $72,990 and its plaid variant $87,990. The Model X base variant now costs $77,990 and its plaid variant is priced at $92,900.
Tesla North America also said in a post on X said it would end its referral program benefits in all markets after April 30.
Referral program allows buyers to get extra incentives through referrals from existing customers, a strategy long used by traditional automakers to boost sales.
Musk has postponed a planned trip to India where he was to meet Prime Minister Narendra Modi and announce plans to enter the South Asian market, Reuters reported on Saturday.
On Monday Reuters reported, citing an internal memo, that the EV maker was laying off more than 10% of its global workforce.
Earlier this month Reuters reported the EV maker had canceled a long-promised inexpensive car, expected to cost $25,000, that investors had been counting on to drive mass-market growth.
The EV maker reported this month that its global vehicle deliveries in the first quarter fell for the first time in nearly four years, as price cuts failed to stir demand.
Tesla is to report first-quarter earnings on Tuesday.