Mercedes-Benz on Thursday became the latest car manufacturer to unveil plans for a greater investment in electric vehicles, saying that it hopes to transition to solely manufacturing electric vehicles by 2025.
The German-based company said in a press release that by the end of the decade, it hopes to “go all electric” in its car sales, pending that “market conditions allow” this transition.
Mercedes said that by 2022, the company will have battery electric vehicles “in all segments the company serves,” adding that starting in 2025, customers “will be able to choose an all-electric alternative for every model the company makes.”
“The EV shift is picking up speed — especially in the luxury segment, where Mercedes-Benz belongs,” said Ola Källenius, CEO of Mercedes and its parent company, Daimler AG.
“The tipping point is getting closer and we will be ready as markets switch to electric-only by the end of this decade,” he added.