Volvo CEO Hakan Samuelsson envisions the Swedish automaker becoming an electric-only brand within the next 10 years.
"I would be surprised if we wouldn't deliver only electric cars from 2030," Samuelsson said during last week's Financial Times Future of the Car Summit.
Volvo previously stated that it wants half of its global sales to be full-electric models by 2025, but it had not set a deadline for when it would stop making vehicles with combustion engines.
This year, Volvo wants 20 percent of its global sales to be electrified models, but the majority of them will be plug-in hybrids. It is still completing the launch of its first full-electric car, XC40 Recharge P8.
Bentley has also said it will be electric only by 2030.