MERCEDES-BENZ PREPARING TO GO ALL-ELECTRIC

Ola Källenius, CEO of Daimler AG and Mercedes-Benz AG

Mercedes-Benz is getting ready to go all-electric by the end of the decade, where market conditions allow.

By 2022, Mercedes-Benz will have battery electric vehicles in all segments the company operates in.

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. On a practical note, Mercedes says Mercedes-Benz intends to manage this accelerated transformation while sticking to its profitability targets.

“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,” said Ola Källenius, CEO of Daimler AG and Mercedes-Benz AG.

Mercedes-Benz EQA

“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.”

To facilitate this shift, Mercedes-Benz is unveiling a comprehensive plan which includes significantly accelerating R&D. In total, investments into battery electric vehicles between 2022 and 2030 will amount to over 40 billion Euros. Accelerating and advancing the EV portfolio plan will bring forward the tipping point for EV adoption.

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