Mercedes-Benz maker Daimler plans to invest 40 billion euros, or more than $47 billion, between 2022 and 2030 to develop battery-electric vehicles, and be ready for an all-electric car market by 2030 .
Outlining its strategy for an electric future, the German luxury carmaker said Thursday that it, along with partners, will build eight battery plants as it ramps up EV production, and that by 2025 all new vehicle platforms will only Will make electric car.
“We really want to go for it … and be, if not all electric, by the end of the decade,” chief executive Ola Kelenius told Reuters, adding that spending on traditional combustion-engine technology is “near zero”. Will happen. “By 2025.
Daimler, however, stopped short of giving a tough deadline for ending sales of fossil-fuel cars.
Some carmakers such as Geely-owned Volvo Cars have committed to going fully electric by 2030, while General Motors says it aspires to go completely electric by 2035.
“We need to address the debate about when you build the ultimate combustion engine because it’s not relevant,” Kelenius said. “The question is, how quickly can you get close to 100 percent electricity and that’s what we’re focused on.”
Daimler’s announcement comes a week after the European Union imposed an effective ban on sales of new petrol and diesel cars from 2035, aimed at speeding up the switch to zero-emissions EVs as part of a broader package of measures to combat global warming. have to give. .
Before the EU announcement, carmakers had announced a series of major investments in EVs. Earlier this month, Stelantis said it would invest more than 30 billion euros by 2025 on the electrification of its line-up.
Daimler said that by 2025, it expects sales of electric and hybrid electric cars to be up 50 percent by 2030, compared to its previous forecast.
The carmaker will unveil three electric platforms – one to cover its range of passenger cars and SUVs, one for vans and one for high-performance vehicles – that will be launched in 2025.
It will have four new battery plants in Europe and one in the United States. Daimler said it would soon announce new European partners for its battery production plans.
The European Union is working hard to build up battery capacity to counter China’s dominance of battery production.
Rival Volkswagen is planning to build half a dozen battery cell plants in Europe.
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