Volvo to Cease Diesel Car Production by 2024, Aiming for Full EV Sales by 2030

  • Volvo announced they will stop producing diesel cars by early 2024, reflecting changing industry trends.
  • Hybrid and electric vehicles represented over half of all European car sales in July 2023, while diesel cars constituted just 14%.
  • Though Volvo is still manufacturing gas-powered cars, it’s not allocating R&D funds for new internal combustion engines anymore.
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