Geely controlled Volvo Cars has built its last diesel, an XC90 at Torslanda, Sweden.

Its Ghent plant, in Belgium, produced its last diesel, a V60 in February.

“With this move, we’re taking a big step towards our ambitions of becoming a fully electric car maker, as well as achieving net zero greenhouse gas emissions by 2040,” the automaker said.

The majority of Volvos sold in Europe in 2019 ran on diesel while electric models were just starting to gain traction (anyone remember the C30 Electric?)

Last year, the automaker increased sales of fully electric cars by 70% and global electric market share by 34%.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.