Volvo, known for its commitment to sustainability and innovation, is set to release its last diesel-powered car next year as it prioritizes an all-electric future. The Swedish automaker aims to become fully electric by 2030, making it one of the first legacy automakers to make such a bold transition.
Volvo’s Chief Technology Officer, Henrick Green, made it clear that the future lies in electric vehicles. In March 2021, he stated, “There is no long-term future for cars with an internal combustion engine.” This sentiment aligns with the company’s vision to invest in electric powertrains instead of a shrinking combustion engine business.
Newly appointed CEO Jim Rowan further emphasized the advantages of electric powertrains, stating that they produce less noise, vibration, and servicing costs for customers, while also having zero tailpipe emissions. Volvo firmly believes that these factors make EVs superior to vehicles with internal combustion engines.
This decision to end diesel car production underscores the rapidly changing landscape of the auto industry, with consumer preferences shifting towards electric vehicles. Just four years ago, diesel engines accounted for the majority of Volvo’s sales in Europe. However, last year, diesel vehicles represented just 8.9% of Volvo’s sales, while fully electric or hybrid vehicles took the lead.
The decline in diesel vehicle sales can be attributed to various factors, including changing consumer preferences, stricter emissions regulations, and the availability of advanced all-electric models. In fact, diesel-powered vehicle sales in Europe have fallen from a 50% share in 2015 to only 14% in July of this year.
Volvo is already making waves in the electric vehicle market with models like the C40 Recharge and XC40 Recharge. These vehicles offer impressive range and features, with prices starting at $55,300 and $53,550 respectively. Additionally, Volvo has unveiled plans for new electric SUVs, including the flagship EX90 and the smaller and more affordable EX30.
By ending diesel car production and focusing exclusively on electric vehicles, Volvo hopes to inspire other companies to take bold action against climate change. This commitment to sustainability and innovation positions Volvo as a leader and pioneer in the transition to an all-electric automotive industry.
Sources:
– Volvo’s last diesel-powered car will roll out next year as the Swedish automaker looks toward an all-electric future. (Source: Volvo)
– Volvo to end diesel car production as it goes all-electric. (Source: Green Car Reports)