Automotive: Rolls-Royce to discontinue all ICE powered cars

British automotive icon  Rolls-Royce said they will start to phase out all of their models that run off fossil fuel by 2030.

Rolls-Royce was founded in 1904 and built its reputation on quiet powerful Internal Combustion Engines (ICE).

CEO Torsten Müller-Ötvös said “Today is the most significant day in the history of Rolls-Royce Motor Cars since 4th May, 1904.

“I am proud to announce that Rolls-Royce is to begin the on-road testing program for an extraordinary new product that will elevate the global all-electric car revolution and create the first – and finest – super-luxury product of its type.

“With this new product, we set out our credentials for the full electrification of our entire product portfolio by 2030.

Originally, they said it was 2050.

Through our decarbonization strategy, we will become a net zero carbon company across our value chain by 2050 at the latest and play a leading role in enabling the sectors in which we operate to get there too.

We recognize the substantial potential risks and opportunities presented by climate change. These include risks and opportunities associated with both physical changes and the transition to a low-carbon global economy.

The assessment and management of climate-related risk and opportunity is an integral part of our enterprise risk management process. In every instance, our management of climate-related risks and opportunities is done in conjunction with consideration of the organization’s broader goals and objectives as part of our integrated risk management process.

We’ve also used scenario planning techniques to explore the resilience of our business model and strategy in the context of future climate change and the transition to a low-carbon global economy.