During Climate Week NYC, Volvo announced its decision to cease the production of diesel vehicles by early 2024. This move indicates the rapid changes occurring in both the automotive industry and consumer demand in response to the climate crisis.

In the past, diesel-powered cars made up the majority of Volvo’s sales in Europe, as was the case for many other car manufacturers up until 2019. Electric vehicles had a minimal market share at that time. However, the situation has now completely shifted. Currently, most of Volvo’s vehicles either utilize fully electric technology or employ a plug-in electric hybrid powertrain.