Volvo U-turns from 'shrinking' fossil fuel car business with pledge to go all-electric by 2030

Cecilia Keating
clock • 2 min read

Swedish company announces new direction as study from Which? warns carmakers are overstating the fuel efficiency of plug-in hybrid vehicles a

Volvo has become the latest auto giant to sound the death knell for fossil fuel vehicles as it announced this morning it will axe all its internal combustion engine (ICE) car lines over the next 10 years,...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Automotive

Fastned fast charging network expands to 400 stations in 2025

Fastned fast charging network expands to 400 stations in 2025

Company now operates in nine European countries, with the 50-station milestone crossed in France, Belgium, and Germany in 2025

clock 07 January 2026 • 2 min read
Electric van sales deliver new record in 2025

Electric van sales deliver new record in 2025

Demand for electric vans rises, but analysts warn roll out remains 'well below' mandated level

clock 07 January 2026 • 3 min read
'Another bumper year': UK sales of new electric vehicles surpass 470,000 in 2025

'Another bumper year': UK sales of new electric vehicles surpass 470,000 in 2025

Campaigners argue ZEV Mandate 'is functioning as intended', as data indicates carmakers met their EV sales targets for second year running

Michael Holder
clock 06 January 2026 • 7 min read