Mercedes-Benz's aggressive climate pledge: All cars will be carbon-free by 2039

The target, described as a "fundamental transformation of our company," appears to be more aggressive than similar carbon-neutral targets announced by Volkswagen (VLKAF) and other major auto makers.

Mercedes, owned by Daimler (DDAIF), will slash its carbon footprint by building far fewer combustion engines. By 2030, the German manufacturer aims to have all-electric models and hybrids make up more than half of its total car sales.

Mercedes explicitly cited environmental worries as the reason behind the overhaul.

Mercedes-Benz wants to have electric vehicles make up more than half of its total car sales by 2030.

"We have set a clear course to help prevent further acceleration of climate change," the auto maker said in a statement, adding that the Paris climate accord is "more than an obligation -- it's our conviction."

Mercedes on Monday introduced the first of its Mercedes-Benz EQC generation of electric models.

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Rival VW announced a bold move of its own in March. The company, which also owns the Audi, Bentley and Porsche brands, said it will launch 70 electric models in a decade and be completely carbon neutral by 2050. Volkswagen aims to make electric vehicles at least 40% of its total sales by 2040.

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