Volvo may be selling electric-only cars by 2030, its CEO said
• Volvo may have switched to solely producing electric vehicles by 2030, said CEO Hakan Samuelsson at the FT Future of the Car Summit on Thursday.
• The internal combustion engine is "a technology of the past", Samuelsson said.
• Volvo forecasts that one in five of its sales will be electric vehicles this year, and half of all sales to be electric vehicles by 2025.