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.

Just Auto Excellence Awards - Nominations Closed

Nominations are now closed for the Just Auto Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

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