Volvo Cars has declared that it will stop production of diesel-powered models by early 2024, as part of plans to be climate-neutral by 2040.
Announced recently at Climate Week NYC, the Swedish manufacturer held no cards back by stating it is “all-in on electrification”, aiming to sell only fully electric cars by 2030.
Volvo Cars no longer spends any R&D budget on developing new internal combustion engines and now provides a line-up of mild hybrid, plug-in hybrid, and fully electric premium models. In contrast, just four years ago the majority of Volvo cars were sold with a diesel engine in Europe, signifying the rapid change in the car industry and customer demand in the face of the climate crisis.
Contechs continues to innovate EV technology, working with prestigious OEMs as they make the switch to electric vehicles.