The shift toward electric vehicles is picking up speed, especially in the luxury segment, CEO Ola Kallenius said. Mercedes-Benz maker Daimler plans to invest more than 40 billion euros ($47 billion) between 2022 and 2030 to develop battery electric vehicles (EVs), and be ready for an all-electric car market by the end of that period. […]
Daimler Speeds up Shift to Electric Vehicles
Daimler said in March it would accelerate its shift to electric cars. Daimler AG will accelerate the launch of electric cars slated for the middle of this decade while phasing out fossil-fuel versions, as it revamps its electrification strategy, Manager Magazin reported on Thursday. Many of the electric vehicle models the German carmaker has planned […]
More Electric Car Charging Stations Needed to Juice EV Sales: Is Biden’s 500,000 Proposal on Target?
If the recent gas shortages tied to the Colonial Pipeline’s cyberattack have taught us anything, it’s how quickly things can go haywire when we fear our access to fuel has been lost. So, anyone who’s ever run low on gas without knowing whether there’s a gas station nearby knows what it’s like to drive an […]
Daimler: Shift to electric cars non-negotiable despite virus
The company’s CEO said Wednesday the Stuttgart-based automaker was now engaging in a gradual re-start of production – and would continue its investment in electric cars and digitalization FRANKFURT: Germany’s Daimler AG, maker of Mercedes-Benz luxury cars, made only a small profit in the first quarter of 2020 as the company shut down factories and […]
Mercedes want to abandon combustion engines by 2039
German giant Mercedes-Benz said Monday it wants to stop selling traditional combustion engine cars by 2039 and plans for its new vehicles sold worldwide by that time to be carbon-neutral. “We aim to have a carbon-neutral new passenger car fleet in 20 years,” said Ola Kallenius, current head of Mercedes research, who is to succeed […]