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

Cecilia Keating
Author spotlight

Cecilia Keating

View profile
More from Cecilia Keating

We need the transition to a low-carbon economy to reverse historic injustices

Why the Women in Green Business Awards is more important than ever

More on Automotive

EU unveils plan to dilute ban on sale of petrol and diesel cars
Automotive

EU unveils plan to dilute ban on sale of petrol and diesel cars

New package would drop planned ban, requiring manufacturers to instead cut tailpipe emissions 90 per cent by 2035 while ramping up investment in clean technologies

James Murray
James Murray
clock 17 December 2025 • 5 min read
'Huge vote of confidence': Nissan confirms £450m investment as new LEAF production starts in Sunderland
Automotive

'Huge vote of confidence': Nissan confirms £450m investment as new LEAF production starts in Sunderland

Next generation Nissan LEAF becomes first new high-volume EV to be produced in the UK since 2020, supporting 6,000 jobs in the process

Stuart Stone
Stuart Stone
clock 16 December 2025 • 5 min read
'Major turning point': EVs make up over a quarter of global car sales in 2025
Automotive

'Major turning point': EVs make up over a quarter of global car sales in 2025

Surge in electric and plug-in hybrid car adoption is increasingly eating into fossil fuel demand, Ember analysis claims

Michael Holder
Michael Holder
clock 16 December 2025 • 4 min read