Mercedes-Benz Unveils Plan To Be All-Electric By 2030
Mercedes-Benz has produced a new plan, outlining how it intends to become an all-electric brand by the end of the decade…
Mercedes-Benz to be Electric Brand by 2030
German automaker Mercedes-Benz has announced that it intends to become an all-electric brand by 2030. From next year, it’ll be offering electric models in all segments; and, from 2025, it’ll only be releasing electric platforms. That said, existing ICE models may remain on sale in select markets.
Ola Källenius, CEO of Daimler AG and Mercedes-Benz AG, commented on the planned transition. He said, “the EV shift is picking up speed – especially in the luxury segment, where Mercedes-Benz belongs. The tipping point is getting closer. And we will be ready as markets switch to electric-only by the end of this decade”. He added, “this step marks a profound reallocation of capital. By managing this faster transformation while safeguarding our profitability targets, we will ensure the enduring success of Mercedes-Benz. Thanks to our highly qualified and motivated workforce, I am convinced that we will be successful in this exciting new era”.
The Plan Itself
In order to make the transition to EVs, Mercedes-Benz intends to invest £34 billion in battery technologies between 2022 and 2030. It’ll also be producing three platforms, upon which all of its future models will be based. The company believes it’ll need a battery capacity in excess of 200 Gigawatt hours; and it plans on opening eight gigafactories to ensure it meets demand.
Finally, the company will soon unveil its Vision EQXX concept – a hypothetical model with in excess of 600 miles of real-world range. This is to illustrate the potential of electric cars and future battery technologies.
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