The heads of seven truck manufacturing companies have universally signed a pact in which they jointly agree to stop selling petrol and diesel trucks by 2040.
Daimler, Scania, MAN, Volvo, DAF, Iveco and Ford have formed an alliance in order to find solutions for hydrogen fuel cells, enhanced battery technology and clean fuel.
According to the joint declaration, the brands will stop selling trucks with combustion engines by 2040. This is 10 years earlier than originally announced.
Scania CEO Henrik Henriksson told the Financial Times that around EUR 50-100 billion would be spent on new technologies.
In the declaration, the heads of prospectors and suppliers across Europe also pledged to make extensive investments in energy networks and to lobby for increases in tax on carbon dioxide emissions in Europe.
The increased tax on fossil fuels would help drive forward the change, says Henriksson:
“If politicians continue to subsidize fossil fuels, it will be very difficult for us. We have to change the behavior of our customers and that of our customers.”
Photo credit: Gunnar Asplund / Wikimedia Commons