VOLVO has pledged to sell only electric cars by 2030 — and to switch all sales to online.

The Swedish firm said it will phase out all petrol and diesel cars — including hybrids — by the end of the decade.

The Volvo XC40 Recharge P8 AWD is the carmaker's first pure electric SUV

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The Volvo XC40 Recharge P8 AWD is the carmaker’s first pure electric SUVCredit: AP:Associated Press

It said online-only sales will create “transparent and set pricing”.

CEO Hakan Samuelsson said: “Instead of investing in a shrinking business, we choose to invest in the future — electric and online.”

The UK will ban sales of new petrol and diesel cars from 2030.

Volvo has pledged to to sell only electric cars by 2030 and switch all sales to online

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Volvo has pledged to to sell only electric cars by 2030 and switch all sales to onlineCredit: PA:Press Association
Meet Polestar 2, Volvos amazing new all-electric, Talking car

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