Bentley to roll out one electric car annually for five years from 2025

Luxury carmaker Bentley unveiled plans on Tuesday to build a new electric model annually for five years from 2025 after its annual profit skyrocketed, as the British firm builds on parent Volkswagen’s push to broaden electric offerings.

Crewe, England-based Bentley posted a profit of 389 million euros ($427.1 million) for 2021, compared with a profit of 20 million euros in the previous year, after deliveries jumped 31% to 14,659 cars on strong demand for new hybrid models.

Carmakers globally are doubling down on efforts to shift to electric models as calls for more environment-friendly machines grow. Bentley parent Volkswagen – Europe’s biggest carmaker – is ramping up investments in power infrastructure to take on Tesla.

Bentley itself is targeting to be end-to-end carbon-neutral by 2030, having invested 3 billion euros at its Crewe factory over a period of 10 years to aid this transition.