Volvo will not fit a diesel engine to the new S60 saloon, with all subsequent launches also due to only be available with electric or progressively more hybridised petrol engines.

The Volvo V60 will be the last new launch available with diesel engines.

The announcement is due to be made at the Financial Times Future of the Car Summit in London, where the carmaker’s chairman of the executive board, Håkan Samuelsson is the keynote speaker.

“Our future is electric and we will no longer develop a new generation of diesel engines,” Samuelsson said. “We will phase out cars with only an internal combustion engine, with petrol hybrid versions as a transitional option as we move towards full electrification. The new S60 represents the next step in that commitment.”

It means the new S60 saloon, which will be built in the United States, will be the first car to launch without a diesel engine – despite the equivalent V60 estate having them. Instead, it will launch with a range of four-cylinder petrol engines, and two plug-in hybrid versions, before getting petrol ‘mild hybrid’ drivetrains next year.

From 2019, no new model launches will have diesel engines, with all newcomers instead having at least a ‘mild-hybrid’ partially electrified drivetrain to cut CO2 emissions.

Although no future product plans beyond the S60 have been confirmed yet, this would mean the next V40 – a vital component of its European line-up – will not be offered with a diesel engine in its second generation.

However, it’s worth noting that diesel engines are likely to be offered for most if not all of the typical seven-year lifespan of recently-launched products, including the V60, XC60 and XC40, despite all of these models either already including or due to get plug-in hybrid versions in the near future. Its first fully electric car will launch in 2019.

Volvo is the latest in a growing number of carmakers to announce that it will no longer offer diesel engines as the fuel falls out of favour with consumers. Toyota will have discontinued all of its diesel passenger cars by the end of this year, Suzuki has stopped importing them into the UK, and Nissan recently said it would phase out diesel engines as new models come on stream.