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Mercedes Benz prepares to go all electric by 2022

From 2025 onwards, all newly launched vehicle architectures will be electric-only and customers will be able to choose an all-electric alternative for every model the company makes.

July 22, 2021 / 05:37 PM IST
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Representational image









By 2022, Mercedes-Benz will have battery electric vehicles (BEV) in all segments the company serves.

From 2025 onwards, all newly launched vehicle architectures will be electric-only and customers will be able to choose an all-electric alternative for every model the company makes.

Additionally, in 2025 Mercedes-Benz will launch three electric-only architectures.

By the end of the decade, Mercedes-Benz will have battery electric vehicles (BEV) in all segments the company serves. Shifting from electric-first to electric-only, the luxury car company is aiming towards an emissions-free and software-driven future.

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To facilitate the same, Mercedes is planning to set up 5,30,000 charging points worldwide. In total, investments into battery electric vehicles between 2022 and 2030 will amount to over €40 billion.

Speaking about the plans, Ola Källenius, CEO of Daimler AG and Mercedes-Benz AG, 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.”

“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,” Källenius added.







Moneycontrol News
first published: Jul 22, 2021 05:17 pm

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