Volvo will stop all diesel car production in early 2024, becoming one of the first car makers to do this. The company has already ceased all development of new internal combustion engines.
Volvo says that its decision to completely phase out diesels by early 2024 illustrates how rapidly both the car industry and customer demand are changing in the face of the climate crisis.
In 2019 the diesel engine was Volvo’s main powertrain technology in Europe, as it was for most other car makers. Things have changed very quickly in the last four years, driven by changing market demand and tighter emission regulations. Most of Volvo’s sales in Europe are now ‘electrified’ cars – either fully electric or plug-in hybrids.
Volvo plans to sell only fully electric cars by 2030, and by 2040 it aims to be a climate-neutral company.
Jim Rowan, Chief Executive at Volvo Cars, says “Electric powertrains are our future, and superior to combustion engines: they generate less noise, less vibration, less servicing costs for our customers and zero tailpipe emissions.”
At a time when the UK government is wavering on its commitment to stop sales of all new petrol and diesel cars by 2030, Volvo is keen to stress its leadership in taking urgent action on climate change. Jim Rowan adds: “What the world needs now, at this critical time for our planet and humanity, is leadership. It is high time for industry and political leaders to be strong and decisive, and deliver meaningful policies and actions to fight climate change. We’re committed to doing our part and encourage our peers as well as political leaders around the globe to do theirs.”