Volvo Cars will be fully electric by 2030, with the Sino-Swedish group joining the global race of zero-emission carmakers to ban the sale of new fossil fuel cars, the BBC and Reuters reported.

By 2030, Volvo Cars will abandon all models of cars with internal combustion engines, including hybrids. The group also plans to make massive investments in online sales and simplify the product range, according to Agerpres.

Volvo wants to capitalize on the growing demand for electric cars, including in China, which is already one of its largest markets.

“I am convinced that there will be no customers who really want to stick to cars with petrol engines. I am convinced that electric cars are much more attractive to customers,” said Volvo CEO, Hakan Samuelsson.

By 2030, half of Volvo Cars’ global sales will be all-electric.
Owned by Chinese group Zhejiang Geely, Volvo has announced that it will launch a new range of electric cars in the coming years, which will only be sold online. On Tuesday, Volvo will launch its second all-electric model, the C40.

Sales of electric and hybrid cars in the European Union tripled last year, exceeding the threshold of one million units and being responsible for more than 10% of the total number of vehicles sold, according to data published by the Association of European Car Manufacturers (ACEA).