Mercedes-Benz aims to go electric-only by 2030, will launch G-Class EV by 2024
Amaan AhmedJul 22, 2021 19:09:13 IST
In a major global announcement made on 22 July, luxury carmaker Mercedes-Benz revealed it is accelerating its shift to an electric-only portfolio of vehicles. Under its revised strategy, Mercedes-Benz will globally offer a battery electric vehicle (BEV) alternative to every model it sells by 2022, will roll out three new EV-exclusive platforms come 2025, and by 2030, the brand plans to sell only BEVs in countries “where market conditions allow” such an approach.
Mercedes-Benz electric vehicle strategy revealed
Terming it “the most significant re-allocation of capital in decades and an even more rapid pivot away from the combustion engine”, Ola Källenius, CEO of Daimler AG and Mercedes-Benz AG, said the carmaker will invest over €40 billion between 2022 and 2030 into developing EVs and related EV technologies. Revising its earlier target, Mercedes now estimates electrified vehicles will account for half of its global sales by 2025. The company has also said it will focus on prioritising profits over volumes, and to that end, will focus on selling more of its super-luxury offerings and standardising …
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