Volvo will sell only EVs by 2030

Geely controlled Volvo Cars said it would stop production of all diesel models by early 2024.

The automaker said it would only sell fully electric cars by 2030.

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Last November, Volvo sold its stake in Aurobay, the joint venture company produced its combustion engines.

According to GlobalData, diesel cars accounted for 55.8% of Volvo sales in 2019 but only 11.6% so far in 2023.

BEVs accounted for 16.5% of YTD 2023 sales versus 0 in 2019.

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