Swedish car manufacturer Volvo is set to discontinue its diesel engines by 2024, a move signaling a significant shift in market preferences and the company’s environmental focus. The announcement was made during the Climate Week NYC event.
Back in 2019, diesel engines were the choice for a majority of Volvo customers. However, the tides have changed dramatically over the next three years. Last year, diesel versions accounted for a mere 8.9% of Volvo’s global sales.
Market demands, stringent emission regulations, and a pronounced emphasis on electrification prompted this decision by Volvo. During the Climate Week NYC event, company representatives stated, “In a few months, the last Volvo car with a diesel engine will be built, making Volvo Cars one of the first traditional automakers to take this step.”
Volvo’s most recent diesel engine is available in power ranges between 150 and 235 HP. To enhance its emissions, the company even integrated a mild-hybrid system. Yet, despite all these efforts, sales didn’t see an uptick.
Looking ahead, Volvo aspires to become a fully electric brand by 2030. Furthermore, by 2040, the Gothenburg-based automaker aims to achieve carbon neutrality.
