Volvo Cars said on Tuesday that it will end production of any remaining diesel models by early 2024 as it heads towards becoming an all-electric carmaker.
LONDON, Sept 19 (Reuters) - Volvo Cars (VOLCARb.ST) said on Tuesday that it will end production of any remaining diesel models by early 2024 as it heads towards becoming an all-electric carmaker.
Majority owned by China’s Geely (0175.HK), Volvo has committed to going fully electric by 2030.
While a majority of the cars Volvo sold in Europe were diesel as recently as 2019, in 2022 they made up just 8.9% of the Swedish carmaker’s sales.
In August 33% of Volvo’s sales were fully-electric or hybrid models.
The company did not break out how many of the remaining 67% combustion-engine models were diesel and how many ran on petrol.
Sales of diesel models have declined rapidly in Europe since Volkswagen’s (VOWG_p.DE) emission-cheating scandal and carmakers have been gradually reducing the number of diesel models available in their model lineups.
The original article contains 197 words, the summary contains 138 words. Saved 30%. I’m a bot and I’m open source!
This is the best summary I could come up with:
LONDON, Sept 19 (Reuters) - Volvo Cars (VOLCARb.ST) said on Tuesday that it will end production of any remaining diesel models by early 2024 as it heads towards becoming an all-electric carmaker.
Majority owned by China’s Geely (0175.HK), Volvo has committed to going fully electric by 2030.
While a majority of the cars Volvo sold in Europe were diesel as recently as 2019, in 2022 they made up just 8.9% of the Swedish carmaker’s sales.
In August 33% of Volvo’s sales were fully-electric or hybrid models.
The company did not break out how many of the remaining 67% combustion-engine models were diesel and how many ran on petrol.
Sales of diesel models have declined rapidly in Europe since Volkswagen’s (VOWG_p.DE) emission-cheating scandal and carmakers have been gradually reducing the number of diesel models available in their model lineups.
The original article contains 197 words, the summary contains 138 words. Saved 30%. I’m a bot and I’m open source!