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AAP
AAP
Business
Jennifer Dudley-Nicholson

REVEALED: Volvo shocks with aussie electric target - The Real Truth

Volvo has revealed it will switch to all electric vehicles in Australia by 2026. (PR HANDOUT IMAGE PHOTO) (AAP)

Car giant Volvo has shocked the motoring industry, announcing plans to stop selling petrol vehicles in Australia by 2026, with a top executive calling the older technology a "shrinking business".

Volvo's Australian deadline will come four years before its worldwide target to transition to electric vehicles, and comes one week after it launched its first electric car in Australia.

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