A step towards transitioning into an all-electric car manufacturer

Volvo To Part Ways With Diesel Production In Early 2024

VOLVO CARS has announced its plan to cease the production of remaining diesel models by early 2024, marking a significant step towards transitioning into an all-electric car manufacturer. The move aligns with Volvo’s commitment to achieving a fully electric lineup by 2030.

This decision positions Volvo as one of the pioneering traditional automakers to make this shift. Diesel-powered Volvo cars will cease production in a few months, signifying a decisive move toward electric vehicle (EV) adoption.

While diesel cars constituted a significant portion of Volvo’s sales in Europe up to 2019, accounting for the majority, their prevalence sharply declined, making up only 8.9% of sales for Volvo in 2022. As of August, 33% of Volvo’s sales comprised fully electric or hybrid models. The company did not specify the breakdown of the remaining 67% in terms of combustion-engine models.

The declining popularity of diesel models in Europe began notably after the Volkswagen emission-cheating scandal, leading to a rapid reduction in diesel offerings by various automakers. Diesel vehicle sales in Europe, which once represented over 50% of new car sales in 2015, have dwindled to just over 14% as of July, indicating a significant shift towards electrification and alternative powertrains.

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