Volvo has announced plans to stop selling petrol vehicles in Australia by 2026 because there is “no long-term future for cars with an internal combustion engine”.
, with a top executive calling the older technology a “shrinking business”.
Volvo is the fifth-biggest selling premium car brand in Australia, and Federal Chamber of Automotive Industries figures show its sales rose 63 per cent in September.Volvo launched its first dedicated electric vehicle in Australia last week, the C40 Recharge, but has previously announced plans to launch four new electric cars and SUVs in Australia by 2024.
“Australia has been slow out of the blocks but this announcement from Volvo shows we still have the potential to be a world leader in the transition to electric vehicles,” he said.
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