Swedish carmaker Volvo is to go fully electric by 2030 as it joins a growing number of carmakers planning to go greener by the end of the decade.
The firm said 50 per cent of its global sales should be fully-electric cars by 2025 and the other half hybrid models.
“I am totally convinced there will be no customers who really want to stay with a petrol engine,” Volvo CEO Håkan Samuelsson said when asked about future demand for electric vehicles.
“We are convinced that an electric car is more attractive for customers.”
Owned by Hangzhou-based Zhejiang Geely Holding Group, Volvo will launch a new line of electric cars in the next few years, all of which will be sold online only.
Volvo will include wireless upgrades and fixes for its new electric models.
It is also to unveil its second all-electric model, the C40, this week.
Carmakers are ramping up efforts to switch to zero-emission models as they face CO2 emissions targets in Europe and China, and looming bans in some countries on fossil fuel vehicles.
Last month, Ford Motor Co said its lineup in Europe will be fully electric by 2030, while Jaguar Land Rover said its luxury Jaguar brand will be entirely electric by 2025 and the carmaker will launch electric models of its entire line-up by 2030.
Last November luxury carmaker Bentley, owned by Germany’s Volkswagen, also said its models would be all electric by 2030.
Volvo said it will “radically reduce” the complexity of its model line-up and provide customers with transparent pricing.
Its global network of 2,400 traditional bricks-and-mortar dealers will remain open to service vehicles and to help customers make online orders.