Volvo says this move highlights its "commitment to a long-term future beyond the traditional combustion engine", although petrol power is not being given up on just yet as future models will still offer a choice between "mild hybrid" petrol, plug-in hybrid petrol and full electric power.
Volvo's first new model without a diesel option will be the redesigned S60 small sedan, which is set for a reveal this spring.
Production of the S60 will start later this year at Volvo's new plant near Charleston, South Carolina.
Elegant new Volvo V60 estate – saloon version will be petrol or petrol-electric only
The new S60, a premium mid-size sports saloon, is based on Volvo's in-house-developed Scalable Product Architecture (SPA) platform, which also underpins the company's award-winning new 90 series and 60 series cars.
The new S60 will initially be available with a range of four-cylinder petrol engines as well as with two petrol plug-in hybrid versions - the T6 and T8 Twin Engine we already know from the new V60. The automaker says the auto will feature pure gasoline and two plug-in hybrid options at launch, with mild hybrid versions to follow in 2019. The company remains committed to introduce mild hybrid versions starting next year. Interestingly, the plant will be the sole hub for the S60, meaning USA -built S60s will be sold worldwide. However, this likely means that recently launched models such as the XC40 will be spared from the diesel cull for at least the next few years.
Samuelson said hybridisation could be the key to helping petrol cars match the Carbon dioxide emissions targets of diesel cars while offering superior fuel economy.
Last month, Volvo Cars reinforced its electrification strategy, by stating that it aims for fully electric cars to make up 50 per cent of its global sales by 2025.