https://techcrunch.com/2021/06/16/volvo-cars-wants-to-make-a-concept-car-using-fossil-free-steel/

Volvo Cars wants to be climate-neutral by 2040, and it has set its sights on a major vehicle component that’s notoriously difficult to decarbonize: steel. The automaker has partnered with Swedish company SSAB, which manufactures “fossil-free” steel, for a limited amount of the material to be used in a concept car as early as 2025.

A climate-neutral car is considered by many to be a moonshot goal, not least because of the challenge in decarbonizing components like steel. The steel industry, which sits at the heart of industrialized economies, accounts for around 8% of worldwide carbon emissions. In vehicles, steel and iron production amount to around 35% of emissions in an internal combustion engine vehicle and 20% in a battery electric car.