To boost investment in exploring sustainable technologies Volvo Penta will focus on its inboard and sterndrive development with greater fuel efficiency and zero emissions through hybrid, electric, and renewable fuels.
Earlier this week, Volvo announced the ambition to be a net-zero emissions company by 2050. In order to be transparent on its progress, the company is now committing to the Science Based Targets initiative.
“Volvo Penta welcomes this increased focus across the Volvo Group. We will support these objectives by intensifying our ongoing efforts and resources towards continued development of sustainable solutions,” states President of Volvo Penta, Heléne Mellquist.
“This focus includes advancements of innovative solutions such as our unique Volvo Penta IPS and sterndrive ranges.”
Another area Volvo Penta will focus on is its Easy Boating philosophy, and the company will continue to leverage the benefits of sustainable technologies and incorporate it into its automation and connectivity technology onboard.
As a result of this accelerated development, the company will put its outboard development on hold.
Therefore, Volvo Penta will stop the sales and marketing of Seven Marine engines (from January 1st, 2021) – as well as phasing out production once customer demand is met.
The company will, however, continue to support the current outboard customer base by taking full warranty and parts responsibility for the products that are in the field.
Mellquist says, “We want to send a clear message: Volvo Penta does foresee that the outboard segment will continue to be relevant for the Marine Leisure market, but we believe that the indisputable need to drive advancements in sustainable technology must be our main focus.”
“This is why, for the time being, the exploration of new technology together with the development of our core business, such as Volvo Penta IPS and sterndrives, will be the centre of our efforts.”