Volvo Cars, a pioneer in the automotive industry, declared at Climate Week NYC that it will cease the production of all diesel-powered models by early 2024, reaffirming its commitment to becoming a fully electric car manufacturer by 2030. This bold move positions Volvo Cars as one of the first legacy automakers to discontinue diesel production.
The decision to end diesel production aligns with Volvo Cars’ ambitious transformation plan, aiming for a fully electric vehicle (EV) lineup by 2030 and aspiring to be a climate-neutral company by 2040. The company has already divested from the development of new combustion engines, selling its stake in Aurobay, the joint venture holding its remaining combustion engine assets, in November 2022.
Volvo Cars has been at the forefront of sustainability since acknowledging its products’ negative environmental impact in 1972. The recent Global Climate Stocktake report from the United Nations underscores the urgent need for action against climate change.
The decision to phase out diesel production by early 2024 reflects the rapidly changing landscape of the automotive industry and evolving customer preferences. Only four years ago, diesel engines constituted a significant portion of Volvo Cars’ sales in Europe. Today, the majority of the company’s European sales are electrified cars, reflecting the shift in market demand and Volvo’s focus on electrification.
As Volvo Cars paves the way for a sustainable future, the decision to discontinue diesel production contributes to improved urban air quality by reducing emissions of gases like nitrogen oxide (NOx) associated with diesel engines.
