Mercedes sketches out all-electric scenario by decade’s end

mercedes sketches out all electric scenario by decades end

Sumary of Mercedes sketches out all-electric scenario by decade’s end:

  • FRANKFURT, Germany (AP) — Daimler AG’s luxury car brand Mercedes-Benz says it is stepping up its transition to electric cars, doubling the share of sales planned by 2025 and sketching out a market scenario in which new car sales would “in essence” be fully electric by the end of the decade.
  • The shift to electric vehicles “is picking up speed — especially in the luxury segment, where Mercedes-Benz belongs,” said Ola Kallenius, CEO of Daimler AG and also head of the Mercedes-Benz division.
  • ”The company plans to invest 40 billion euros ($47 billion) in battery-driven vehicles between 2022 and 2080. It says it also intends to work with partners on setting up eight factories producing battery cells — the individual components that are assembled into larger battery packs in different vehicles.
  • In the first six months of this year, such vehicles were 10.3% percent of total sales.
  • The company’s statement updating its electric-vehicle strategy portrayed going all-electric as a “market scenario” the company intended to be ready for, rather than as a fixed deadline for abandoning sales of diesel or gasoline cars.
  • Mercedes said Thursday that from 2025 all newly launched vehicle architectures would be electric only, referring to mechanical structures that can be shared among different models.

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