Volvo Starts Series Production of Heavy-Duty Electric Trucks, Targets 50% of Sales by 2030

Company faces growing competition in emerging sector.

Speaking to CNBC on Wednesday morning, Volvo Trucks President Roger Alm was bullish about the company's prospects going forward.

In remarks published on his firm's website, Elm said that, by the year 2030,"at least 50 percent of the trucks we sell globally should be electric."

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