Volvo will make its last diesel car in 2024 | TechCrunch

Volvo’s last diesel car will roll off the line “by early 2024,” the company said on Tuesday.

The writing’s been on the wall for years. As far back as 2017, the Geely-owned automaker indicated it would wrap up production of diesel cars by around now.

The automaker followed up four years later, when it declared it would exclusively sell electric vehicles by 2030.

“Only four years ago, the diesel engine was our bread and butter in Europe, as was the case for most other car makers,” Volvo said in a statement Tuesday. Going forward, the automaker stated it is “no longer spending a single krona of our R&D budget on developing new internal combustion engines.”