Volvo sold 54,197 models worldwide from its S60 family last year, down from 61,941 in 2016, according to company data. Just 7,470 of those units were sold in Europe, down from 8,550 in 2016, figures from JATO show.
Last year, half of the S60s that Volvo sold in Europe were diesels, down from 65% in 2016, the company said. S60 sales in the U.S. were 16,825, a drop from 20,921 in 2016, according to the Automotive News Data Center.
“Our future is electric and we will no longer develop a new generation of diesel engines,” Volvo CEO Hakan Samuelsson said in the statement. “We will phase out cars with only an internal combustion engine, with petrol-hybrid versions as a transitional option as we move toward full electrification. The new S60 represents the next step in that commitment.”
Last year, Volvo promised to offer some form of electrification on every all-new model it launches starting in 2019. Despite the decline, the U.S. still accounted for 25% of the S60’s global volume, while Europe accounted for 20 percent, Volvo said. China was the sedan’s top market last year, accounting for about half of the sedan’s global sales, the company said.
The current version of the S60 has been on the market since 2010. Production of the S60 will start at Volvo’s factory near, Charleston, South Carolina and will be targeted at a “younger, more dynamic audience”.
The S60’s wagon sibling, the V60, which was unveiled in February, will also have a choice of two plug-in hybrid powertrains. For Europe, the premium midsize wagon will offer the Volvo’s new T6 Twin Engine plug-in hybrid that generates a combined 337 hp from its gasoline engine and electric motor. The second option is the T8 Twin Engine plug-in hybrid that delivers 386 hp. Deliveries of the V60 will start this summer in Europe and before year-end in China.