Volvo Is Ditching Diesel Engines Forever in 2024

Volvo will build its final diesel-powered vehicle sometime in early 2024, it confirmed Tuesday morning during Climate Week NYC. CEO Jim Rowan expressed the brand's desire to become a fully electric brand by 2030. This is the final step of a plan that Volvo introduced in 2018 when it announced that the then-new S60 wouldn't offer a diesel option.

This might not seem like a big deal for American buyers who haven't been able to buy a diesel Volvo in ages, but it is for the global market. Up until 2019, diesel models actually made up the majority of Volvo's European sales. However, this isn't about sales. It's about Volvo's goal of becoming a completely climate-neutral brand by 2040.