Volvo Cars has come down with a case of electric fever, and the cure is "no more diesel engines". This set-up utilizes a 2.0-liter, turbocharged four-cylinder that powers the front wheels and a powerful electric motor to drive the rear.Volvo aims to release their first all-electric vehicle by 2019 with a goal of one million EVs sold by 2025.
Volvo predicts that with mid-cycle improvements the engine will be useful until about 2023, but that the cost of developing a new diesel engine after that will be too high to be feasible. According to Reuters, Samuelsson told German's Frankfurter Allgemeine Zeitung in an interview, "From today's perspective, we will not develop any more new- generation diesel engines".
Instead, Volvo will invest in the electric and hybrid cars, with its first pure electric model due on the market in 2019. More hard tests and any potential new mechanisms for controlling emissions will only ramp up a diesel vehicle's price, to the point where they will no longer be competitive.
Samuelsson had earlier said that eventually the higher cost of complying with tighter emissions rules will increase the price of diesel cars to the point where plug-in hybrids will become an attractive alternative. Generally, diesel variants cost about 1,300 euros more than similar petrol-powered cars, but more stringent norms could push this up by 300 euros per engine, as carmakers struggle to bring real NOx emissions closer to their much lower test-bench scores.
"Volvo Cars, like all vehicle makers, is considering how diesel engines will be used in future".
Diesel cars account for over 50 percent of all new registrations in Europe, making the region by far the world's biggest diesel market.