Volvo to stop developing new diesel engines
BERLIN: Swedish carmaker Volvo will not develop any new diesel engines as the cost of reducing emissions of nitrogen oxide is becoming too expensive, said chief executive Hakan Samuelsson yesterday.
“From today’s perspective, we will not develop any more newgeneration diesel engines,” Samuelsson told German’s Frankfurter Allgemeine Zeitung in an interview.
Samuelsson said Volvo would keep developing current dieselpowered models introduced in 2013 to meet future emissions standards, but then the costs of keeping them compliant with higher anti-pollution standards would no longer be worth it, with the current generation likely to be produced until about 2023.
Instead, Volvo will invest in the electric and hybrid cars, with its first pure electric model due in 2019.
“We have to recognise that Tesla has managed to offer such a car for which people are lining up.
“In this area, there should also be space for us, with high quality and attractive design,” said the firm’s chief executive.
Volvo Cars says focus on hybrid, pure electric cars as the cost of cutting nitrogen oxide emissions is becoming too costly.