General Motors expects a majority, if not all, of its Cadillac cars and SUVs sold globally to be all electric vehicles by 2030, according to a company executive.

According to CNBC, Cadillac president Steve Carlisle the brand would phase out current models of internal combustion engines based on market demand. He expects an inflection point for electric vehicles for the brand to occur in the mid-2020s.

"We're going to enter that decade as an internal combustion engine brand. That's where we are. We've never been better positioned as an internal combustion brand," he said.

"It's a decade we're also going to exit as a battery electric brand. There's a lot that's going to be going on for Cadillac in the '20s."

Cadillac is expected to release its first all-electric vehicle as early as 2021 in China, followed by the US, as part of GM's plans to debut 20 new all-electric vehicles globally by 2023. The company previewed the crossover in January.

Carlisle also confirmed the company expects to offer a large electric SUV similar to the Escalade, if not under the iconic SUV's name. He said unlike today's vehicles that have CT or XT badges and a number for their names, future all electric vehicles will have traditional names such as Escalade.

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