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Mercedes-Benz promises 100% electric catalog by 2030

Mercedes-Benz announced that it is ready to have a 100% electric catalog by 2030.

Mercedes-Benz promises 100% electric catalog by 2030

Mercedes-Benz promises 100% electric catalog by 2030

News that would be encouraging for enthusiasts were it not for the fact that the brand implements this measure only in “markets that allow it”.

This means that, in markets where there is no demand for electric cars, Mercedes-Benz will continue to offer cars powered by combustion engines. Still, the company is committed to investing 40 billion euros between 2022 and 2030 and will unveil new architectures for electric cars in 2025.

“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,” Ola Källenius, CEO of Daimler AG and Mercedes-Benz AG, said in a prepared statement.

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“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.” says Mercedes-Benz statement shared by Engadget.

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