Volvo will end production of diesel models by early 2024, marking a significant step towards becoming an all-electric automaker. The Swedish company, majority owned by China’s Geely, aims to go fully electric by 2030. In 2022, diesel cars made up just 8.9% of Volvo’s sales, a sharp decline from previous years. Sales of diesel vehicles have been decreasing in Europe since the VW emission-cheating scandal, and automakers have been reducing the number of diesel models in their lineups. By discontinuing diesel production, Volvo is positioning itself as a pioneer in the electric car market.
Volvo will end diesel car output next year
Volvo, a Swedish automaker majority owned by China’s Geely, is set to cease production of diesel models by early 2024. This move is part of Volvo’s commitment to becoming an all-electric automaker by 2030. In recent years, sales of diesel cars have seen a significant decline, with diesel models making up only 8.9% of Volvo’s sales in 2022. This decision positions Volvo as a pioneer in the electric car market and reflects the In the grand scheme of things shift away from diesel vehicles in Europe following the VW emission-cheating scandal.
The Decline of Diesel Cars in Europe
Since the VW emission-cheating scandal, sales of diesel vehicles in Europe have been on a rapid decline. In 2015, diesel cars accounted for more than 50% of new car sales in Europe, but by July 2022, this number had dropped to just over 14%. Automakers, including Volvo, have been reducing the number of diesel models in their lineups as consumer demand shifts towards electric and hybrid vehicles. Volvo’s decision to end diesel production further reflects this changing landscape and highlights the company’s commitment to embracing a sustainable and electric future.
