Mercedes-Benz will focus entirely on electric vehicles in 2025 and be prepared to sell only electric cars from here 2030, the company said Thursday, adding a caveat that the transition depends on “market conditions.”
Mercedes has joined a growing list of companies including General Motors , Stellantis and Renault who have declared their intends to accelerate the demise of internal combustion engines in favor of battery-powered vehicles with no tailpipe emissions.
More and more they have little choice. The European Union will effectively ban new cars with internal combustion engines in 2035, tansay Britain, Norway and other countries have also set expiration dates for vehicles running on fossil fuels.
Mercedes , the construction of a factory in Berlin .
Mercedes announced that it will invest 40 billion euros, or $ 47 billion, in electric cars, vans and light commercial vehicles by 2030. In 2025, the company will present three new platforms of electric vehicles - collections of components and technologies that can be shared between different models - and will no longer develop platforms for internal combustion engines.
The platform change is important because it allows Mercedes to exploit some of the design potential of battery-powered vehicles, such as more interior space. Electric motors are smaller than combustion engines internal and do not require large transmissions.
Mercedes said that by working with partners, it would also establish a global network of factories to produce batteries and produce its own electric motors.
"EV shifting is picking up speed, especially in the luxury segment, to which Mercedes-Benz belongs "Ola Källenius, Managing Director of Daimler, said in a statement." The tipping point is approaching and we will be ready as markets switch to electricity only by the end of this decade. "
But the company isbefore promising to no longer sell cars with internal combustion engines. Some parts of the world by 2030 may not have the charging networks that make owning an electric vehicle convenient.
"Mercedes- Benz will be ready to go all-electric at the end of the decade, where market conditions permit, "the company said in a statement.