Swedish automaker Volvo will roll out its last diesel-powered car by next year. As the company decides to focus and looks towards an all-electric future. The decision taken by the first legacy automaker and by doing so, Volvo is drastically lined up with a full slate of EVs.
“There is no long-term future for cars with an internal combustion engine,” Henrick Green, Volvo’s chief technology officer, described in March 2021.
In addition to this, Volvo was one of the first legacy automakers that declared its commitment to going for an all-electric car company by 2030. Therefore, by that time the company thought to sell only fully electric cars. This tends to phase out ICE vehicles, including hybrids.
According to former CEO Hakan Samuelsson, as they explained over two years ago, “remain successful, we need profitable growth.” Samuelsson added, “So instead of investing in a shrinking business, we choose to invest in the future – electric.”
Meanwhile, on Tuesday, Volvo acknowledged its commitment to an all-electric future. While promising to end production of diesel cars next year.
New CEO Jim Rowan explained, “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.”
The information has been revealed by the Swedish automaker. They declared at Climate Week NYC that its last diesel car will roll out by early 2024.
Volvo to end diesel car production as it goes all-electric
The decision of Volvo to end diesel car production indicating that how frequently the auto industry and consumer preferences are changing.
The company mentioned that “Only four years ago, the diesel engine was our bread and butter in Europe, as was the case for most other car makers.”
Diesel-powered vehicles represent the maximum of Volvo’s sales in 2019. Last year, it recorded just 8.9% of Volvo’s sales were from diesel. On the other hand, fully electric or hybrid vehicles represented the majority.
Therefore, alterations in consumer preferences, strict emissions regulations, and the selection of advanced all-electric vehicles are accelerating the transition.
