Mercedes-Benz claims that it will be fully electric in 2030, but with some conditions. Mercedes-Benz says it will only sell electric vehicles “where market conditions permit”.
During an EV strategy update, the company made an announcement at a series of events to declare a strong position in the electrical market. Other large companies in the car market have included similar caveats. GM, for example, said it would be all-electric by 2040, but has not committed to ending sales of gas-powered vehicles by that date.
The German automaker says it will invest 40 billion euros to switch its line to electric by 2030. “We are convinced that we can do this with great profitability and we believe that the focus of electricity will be the future and at the same time it will increase the value of the company,” said Ola Källenius, President of Mercedes-Benz.
From 2022, Mercedes says it will offer an all-electric model in all segments, and from 2025 all models sold will be offered with a pure electric model.
The company has hinted that some of the new products will be arriving shortly, including Mercedes-Benz G-class electric versions and AMG high-performance vehicles.
Executives also approved the future long-range, high-powered Vision EQXX concept car, which is likely to be unveiled next year. With the EQXX, Mercedes is aiming for 1,000 kilometers (621 miles) of range and a consumption rating of more than six miles per kWh.
The company will build eight gigafactory battery factories, including one in the US, with the goal of increasing battery cell capacity to 200 GWh. Mercedes announced the acquisition of Yasa, a UK-based EV engine maker, to help accelerate its production plans.
Mercedes is not alone when it comes to the all-electric future, companies such as GM, Ford, Stellantis, Volvo, BMW and Volkswagen have also made similar promises about moving their range to the electric version.
Source: The Verge