"Mercedes-Benz Shifts Away from Full Electric Commitment Due to Weak Demand"

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Source: Robb Report
"Mercedes-Benz Shifts Away from Full Electric Commitment Due to Weak Demand"
Photo: Robb Report
TL;DR Summary

Mercedes-Benz is delaying its plans to go all-electric by 2030 and will continue to produce vehicles with combustion engines into the next decade. The company's initial goal of having half of its vehicles electrified by 2025 has been pushed back to 2030, reflecting the slower-than-expected adoption of electric vehicles. CEO Ola Kaellenius emphasized the brand's commitment to combustion engines, citing updates that will extend their lineup into the 2030s. This shift aligns with a broader trend in the automotive industry, as companies like Ford and General Motors also adjust their electrification plans in response to weakening demand for EVs in the U.S. and Europe.

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