Volvo has just announced its plans to meet sustainability goals and to move on from combustion engine vehicles. The Swedish car manufacturer has now stated that from early 2024 it will not be producing any further diesel cars, and that following this it intends to only sell fully electric vehicles by 2030, all before looking to be a climate-neutral company by 2040,
As revealed at the Climate Week NYC event, Volvo also stated that it is "no longer spending a single krona of our R&D budget on developing new internal combustion engines," since it has sold its stake in Aurobay, a venture company that had all of its remaining combustion engine assets.
Speaking about this plan, Volvo chief executive, Jim Rowan, has stated, "Electric powertrains are our future, and superior to combustion engines: they generate less noise, less vibration, less servicing costs for our customers and zero tailpipe emissions. We're fully focused on creating a broad portfolio of premium, fully electric cars that deliver on everything our customers expect from a Volvo - and are a key part of our response to climate change."
With plans to be all-electric by 2030, Volvo will be looking to beat the plans that many automobile manufacturers have laid out.