Automotive News Europe — 2023-09-19
Automotive Industry
Volvo will end production of any remaining diesel models by early 2024 as it heads toward becoming an all-electric automaker.
"In a few months from now, the last diesel-powered Volvo car will have been built, making Volvo Cars one of the first legacy car makers to take this step," the Swedish company said in a statement.
Majority owned by China's Geely, Volvo has committed to going full-electric by 2030.
While a majority of the cars Volvo sold in Europe were diesel as recently as 2019, in 2022 they made up just 8.9% of the Swedish brand's sales.
In August 33% of Volvo's sales were full-electric or plug-in hybrid models.
The company did not break out how many of the remaining 67% combustion-engine models were diesel and how many ran on gasoline.
Sales of diesel models have declined rapidly in Europe since VW's emission-cheating scandal and automakers have been gradually reducing the number of diesel models available in their model lineups.
Diesel vehicles comprised more than 50% of Europe's new car sales in 2015 but accounted for just over 14% of sales in July.