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Volvo aims to become a 100% electric brand by 2030. Before this deadline, it aims to become a 0% diesel company. This from the start of 2024. This was announced this Tuesday in a press release from the firm, on the occasion of climate week in New York.
“We are announcing (…) the end of production of all diesel-powered Volvo Cars models by the beginning of 2024.” “This step follows our decision last year to abandon the development of new combustion engines.”
Volvo focuses on electric
The firm will therefore focus even more on the complete transition to electric propulsion. As Jim Rowan, Managing Director of Volvo Cars, testifies, in a press release :
“Electric powertrains are our future and are superior to combustion engines: they generate less noise, less vibration, lower maintenance costs for our customers and zero tailpipe emissions.”
“We are fully focused on creating a broad range of premium, fully electric cars that deliver everything our customers expect from a Volvo – and are a key part of our response to climate change.”
Electric sales are growing quickly, while diesel is falling
Electricity now represents a third of Volvo sales in Europe (33% last August). Conversely, diesel, the majority in this area in 2019, fell to 8.9% share of the brand three years later. A certainly joint desire on the part of the manufacturer (which no longer pushes this technology and is forced by the authorities to abandon it) but also by the customers.
The firm can also benefit from the support of Geely, the Chinese group which majority controls it. Chinese groups benefit from good conditions for electricity, which leads in particular to advantageous prices. Volvo already only sells electric cars or plug-in hybrids.
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To sum up
This Tuesday, on the occasion of climate week in New York, Volvo announced that it would no longer market models running on diesel from 2024. The company is focusing on the electrification of all of its vehicles, by 2030.
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