It is set to be launched within the next few weeks, becoming the first modern Volvo to be produced without a diesel option.
The new S60 is yet to be revealed, but it will be based on the same platform as the V60 estate, which was launched earlier this year and is available with diesel engines.
As mentioned above, the new S60 will be the first new Volvo without a diesel option.
However, the upcoming Volvo S60 marks a turning point, being the first modern-day vehicle from the manufacturer to not be offered with a diesel engine option. The company remains committed to introduce mild hybrid versions starting next year.
"Diesel will be much more complicated for more consumers, and much more expensive, too" Samuelsson said to the FT.
He said lower fuel consumption was the "only advantage of diesel", but that "you can get that back with a mild-hybrid engine". Production of the new S60 will start this fall at Volvo Cars' new manufacturing facility in the U.S. state of SC.
But this is not going to happen overnight, as Volvo expects fully-electric cars to account for just 50 percent of its global sales by 2025 and even that estimation is perhaps a bit ambitious. The Charleston plant will be the only manufacturing location for the new S60, meaning American-built S60s will be sold in the U.S. market as well as overseas through exports.
Volvo has cited the mounting complication and costs of emissions regulation standards for a decision to ditch diesel form all future products as it moves towards an EV future. Specific options for the United States will be announced at a later date.