According to Volvo's boss Hakan Samuelsson, Volvo will not develop diesel engines anymore and instead it will put more effort in electric powertrains.
Frankfurter Allgemenine Zeitung is reporting that, according to Hakan, Volvo will not continue its decade long tradition of developing diesel engines, because, as he reported, from today's point of view diesel engines do not make sense anymore.
Volvo will prolong the development of current generation of diesel engines, which was introduced in 2013, but they do not plan any new generation of diesel engines. The development costs would simply be to high and it would be hard to fulfill new emission standards. Current generation of Volvo's diesel engines will stay in programme until 2023 and after the electrics will take over.
At that time Volvo should have several electrified cars in its model line. Almost every model already has a plug-in hybrid and the first fully electric Volvo is planed for 2019.