Volvo to ditch diesel engines by 2023
Over in Europe it seems like there is an ongoing movement away from diesel-powered cars. Obviously this isn't aided by VW's 'Dieselgate' but now Volvo have said they are going to phase out its diesel engines.
Chief executive Hakan Samuelsson told Germany’s Frankfurter Allgemeine Zeitung in an interview that it would keep developing existing diesel-based models introduced in 2013. However, the costs of keeping them compliant with stricter emissions standards means it would no longer be worth it. Those models would be produced until about 2023, he says.
Volvo will look to hybrid and EVs instead of diesel, with its first pure electric model due to hit markets in 2019.
“In this area, there should also be space for us, with high quality and attractive design,” Samuelsson says.
By 2021, the average carbon dioxide emissions for European car makers' fleets will need to drop to 95 grammes per kilometer from 130g/km at the moment.