Report – Volvo might retire diesel technology image

The Swedish automaker is reportedly considering whether to develop a new range of diesel engines to act as replacements of the current generation powerplants or ditch them altogether.

According to the company’s chief executive, the brand might stop the development of the technology because of the surging costs of meeting the more stringent emissions regulations. Volvo CEO Hakan Samuelsson commented that “from todays’ perspective, we will not develop any more new generation diesel engines” and a spokesperson further clarified the manager was talking about future strategy – which is not yet set in stone, meaning the diesel engine is under fire at Volvo. Samuelsson himself added today’s diesels are reducing CO2 and said Volvo’s current range of diesel powertrains will last until about 2023.

Further along, the cost of introducing emissions systems to offset strict NOx limits might threaten the business case for diesel engines altogether. The alternative is of course hybrid and electric cars, as by 2019 the diesels with new emissions-reducing systems might become as costly as plug-in hybrids, so the diesel might not be worth the trouble. According to reports, today new diesel cars go on average for €1,300 more than gasoline versions, and adding new emissions equipment could increase prices by around €300, while plug in hybrid costs are set to go down even further in the near future.

Via Automotive News