Swedish automaker Volvo has renounced the development of new diesel engines, according to the newspaper Frankfurter Allgemeine Zeitung, citing CEO Hakan Samuelsson.
The reason for this decision was the too high cost of bringing these motors to modern standards of carbon dioxide emissions. In accordance with the new European emission standards, by 2021 the average CO2 emissions in the model range of the manufacturers should be reduced from 130 to 95 grams per kilometer, writes Motor.ru.
According to Samuelsson, in the next few years, Volvo will continue to upgrade the diesel engines family Drive-E, which are equipped with brands, but they by 2023 will be phased out.
Meanwhile, the company intends to invest additional funds in the development of electric and hybrid propulsion systems. It is planned that the first electric car will appear in 2019.
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