The company has just announced that its new S60 sedan will be the first such model to be produced without a single diesel offering in the range, and that rule will also apply to every "all-new" Volvo model launched after 2019.
In July 2017 Volvo was the first traditional auto maker to commit to all-out electrification, and from 2019 all models launched by the brand will be available as either a mild petrol hybrid, plug-in petrol hybrid or battery electric vehicle.
That said, even petrol engines will eventually be phased out, with Volvo referring to the hybrid models as a "transitional" stepping stone on the road to full electrification.
Although diesels now emit more Carbon dioxide per kilometer than their petrol counterparts, Samuelson said hybridisation will help match figures achieved by diesels.
About 44 per cent of cars sold in Western Europe a year ago were equipped with diesel engines, down from a peak of 56 per cent in 2011, according to statistics from the European Automobile Manufacturers Association.More news: Prosecutor Drops Invasion Of Privacy Charges Against Missouri Gov. Eric Greitens
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The current generation of the Volvo S60 sedan is in its final model year, slated to be replaced in showrooms by a new 2019 model by the time we sing Auld Lang Syne. It is clear that investment in the development of new, cleaner diesel engines, and upgrades available, be unprofitable, given the decline in the popularity of vehicles on this fuel. The Charleston plant will be the only manufacturing location for the new S60, meaning American-built S60s will be sold in the USA market as well as overseas through exports.
The diesel engine is traditionally a staple in a large, executive-class saloon, so this announcement shows Volvo's commitment towards lowering emissions in its cars, it says.
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.
Volvo Cars last month reinforced its electrification strategy by stating that it aims for fully electric cars to make up 50% of its global sales by 2025.