Mercedes-Benz backtracks 2030 EV goals by half

ICE production will also continue well into the next decade.

Mercedes-Benz had previously announced its plans to become a fully electric brand by 2030. The company though has backtracked this plan by half, stating that it now expects its electrified vehicles, including hybrids to account for just 50% by the end of the decade.

According to reports, Ola Kaellenius, CEO, Mercedes-Benz, cautioned that even in Europe sales would not be all-electric by 2030. Currently, battery-powered vehicles in Mercedes' lineup account for only 11% of its total sales - 19% including hybrids.

Kaellenius, even confirms that Mercedes is still well-positioned to carry on production of its combustion engine-powered vehicles and even update their technology well into the next decade. He stated, "It is almost like we will have a new lineup in 2027 that will take us well into the 2030s."

Source: Reuters