Other firms, including Lego, are also bringing out more sustainable toys.
Other Matchbox cars being launched will be based on electric and hybrid vehicles made by Nissan, Toyota and BMW. The Tesla Roadster will be the first die-cast model made from 99% recycled materials and will go on sale next year.
The toy car is made from recycled zinc and plastic with just 1% from non-recycled stainless steel. It will come in zero-plastic packaging made from paper and wood fibre.
The aim of the sets is to raise "environmental consciousness" among children, and "empower the next generation of Matchbox fans to help steer us towards a sustainable future," Roberto Stanichi, Global Head of Vehicles at Mattel, told the BBC.
"Since the inception of the modern-day die-cast car nearly 70 years ago, Matchbox has been using design and innovation to connect kids with the real world around them through play," he added.
UK-based Matchbox, which is owned by US toymaker Mattel, was created in 1953 and sells more than 40 million die-cast vehicles each year.
Mattel, which also owns the Hot Wheels brand, plans to use 100% recycled, recyclable or bio-based plastic materials in the manufacturing of all its products and packaging by 2030.