Two percent of the steel used by major automakers is on track to be free of fossil fuels by 2030, according to a new report by the nonprofit International Council on Clean Transportation.
The report found that four of 17 major auto companies operating in North America and Europe — General Motors, Ford, Mercedes-Benz and Volkswagen — have committed to “green” steel purchases.
“Automakers have an opportunity to increase their commitments and lead in this transition,” Marta Negri, an ICCT associate researcher and the study’s lead author, said in a statement.
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But current commitments are “far from sufficient,” she said, adding that auto sector demand can send a “powerful signal” to the steel industry.
