Volvo bids farewell to the diesel era and fully enters the electric vehicle market

According to news on March 28, the world’s first large automobile manufacturer to decide to completely abandon diesel power has been born, and that is Volvo.

Recently, Volvo’s latest diesel car, the XC90, officially rolled off the assembly line at the Torslanda plant in Sweden. This historic vehicle will be sent to the new Volvo Museum, which will open on April 14, as an important witness to Volvo’s transformation.

The data editor learned that Volvo has formulated a clear electrification transformation plan. They plan to complete the electrification of all models by 2030. At the same time, their factories will also be transformed to adapt to the production needs of electric vehicles and battery components. Last year at the New York Climate Week event, Volvo publicly announced that it would stop producing diesel powertrains in 2024, and now they are making steady progress in accordance with this plan.

In recent years, Volvo has been gradually reducing the production of diesel models. They first spun off the internal combustion engine business and established a joint venture called Aurobay with parent company Geely. Then in November 2022, Volvo decided to divest from Aurobay and sell all its shares to Geely Holding.

Volvo’s decision to discontinue diesel vehicles is an important step in their rapid transformation. As of 2019, diesel vehicles still account for a large proportion of Volvo's models sold in the European market. However, they have now made clear their future development direction, which is full electrification.

According to the plan, Volvo will become a luxury car company selling only pure electric vehicles by 2030. By then, they will eliminate all internal combustion engine-powered vehicles, including hybrid models. At the same time, they also plan to become a global climate zero-load benchmark company by 2040, and all pure electric models will be sold only through online channels. Volvo's decision will undoubtedly have a profound impact on its future development.

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