Volvo To Go Fully Electric at the Beginning of 2024
- Volvo Cars is set to cease the production of its diesel models
- The manufacturer also has an ambitious goal to become climate-neutral by 2040
- This decision is in line with the recent Global Climate Stocktake report by the United Nations, highlighting the need for action
Volvo Cars recently announced plans to electrify their fleet. The manufacturer will only sell fully electric cars by 2030 and has pledged to become a climate-neutral company by 2040. This is one of the most ambitious transition plans within the industry.
The company announced their plans at Climate Week NYC. They also confirmed they would end the production of all diesel models by the beginning of 2024. They are one of the first legacy car makers to do this.
This step is demonstrated by the recent selling of the company’s stake in Aurobay. It’s a joint venture company which had all of Volvo Car’s remaining combustion engine assets. The company is committed to stopping spending any of its R&D budget on combustion engines.
Chief Executive at Volvo Cars, Jim Rowan, commented on the recent announcement:
“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.”
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Better for the environment
Volvo Cars have announced the changes in line with the latest Global Climate Stocktake report by the United Nations (UN). The report urges everyone to begin tackling the climate emergency.
Mr Rowan further commented:
“What the world needs now, at this critical time for our planet and humanity, is leadership.”
“It is high time for industry and political leaders to be strong and decisive and deliver meaningful policies and actions to fight climate change. We’re committed to doing our part and encourage our peers as well as political leaders around the globe to do theirs.”
Chief Sustainability Officer, Anders K�rrberg will also participate in the Accelerating to Zero (A2Z) Coalition. The event happens at Climate Week NYC this year. A2Z was introduced at the COP27 summit. It provides a multi-stakeholder platform for its signatories, including Volvo.
The platform also aids collaboration and action planning with other participants. This helps to reach their goal of “making 100% of global new car and van sales free of tailpipe emissions by 2040, and no later than 2035 in leading markets” .
With ambitious plans, Volvo Cars aims to inspire other car manufacturers to take action faster than the mutual target.
Fully electric future
Just four years ago diesel-powered vehicles were the most popular Volvo models. Now, the manufacturer is rapidly phasing out the production of these models. This represents the speedy transition towards an electric future.
Most Volvo sales in Europe already consist of models with a fully electric or a hybrid powertrain.