Skip to site menu Skip to page content

Volvo ending diesel sales

Only offering fully electric cars by 2030

Luke Martin September 20 2023

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.

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.

Uncover your next opportunity with expert reports

Steer your business strategy with key data and insights from our latest market research reports and company profiles. Not ready to buy? Start small by downloading a sample report first.

Newsletters by sectors

close

Sign up to the newsletter: In Brief

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.

Thank you for subscribing

View all newsletters from across the GlobalData Media network.

close