Volvo will be suspending production of diesel vehicles as soon as early 2024, Reuters reports.
The Swedish company, largely owned by China's Geely, has set a goal to be one of the first legacy automakers to go fully electric by 2030.
The company announced this past Tuesday that production of all remaining diesel models will be canceled as soon as early next year.
Though a majority of the company’s sales in Europe were diesel in 2019, they made up only 8.9% of sales in 2022. This past August, 33% of Volvo’s sales were electric or hybrid vehicles. The number of diesel vehicles within in the company’s remaining 67% of combustion-engine models versus how many run on gasoline has not been disclosed by the company.
Diesel models have been on the decline in Europe since Volkswagen's emissions testing controversy, with only 14% of new vehicle sales in Europe being diesel in July compared with over 50% in 2015.
“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,” Volvo said in a statement.
