Mercedes-Benz laid out its roadmap to all-electric mobility today with goals that fall into line with what many other automakers are promising. There’s one big caveat, however. The company says that it will only go all-in on electric vehicles “where market conditions allow”, giving buyers and the company some flexibility with the plan’s rollout.
“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.
As part of its $47 billion plan, Mercedes plans to accelerate toward a “an emissions-free and software-driven future”. This translates to having a battery electric vehicle (BEV) for sale in every segment that the company serves by 2022. Investments into combustion engines and plug-in hybrid technologies will drop by 80 percent between 2019 and 2026, according to the automaker.
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