Mercedes-Benz has scrapped plans to sell only electric cars after 2030, with company officials saying “market conditions” do not allow it.
It was only three years ago that German luxury car maker Verge announced it was going “all-electric.” report at that time.
The company announced that it would spend $47 billion on vehicle electrification, and CEO and Chairman of the Board Ola Källenius said: Contributing to future development and increasing the value of Mercedes-Benz. ”
Those plans were scrapped this week in the company’s fourth-quarter results. statement:
“Customer and market conditions will determine the pace of transformation. The company intends to be in a position to meet a variety of customer needs, whether it be all-electric drivetrains or electric internal combustion engines, well into the 2030s.”
The auto giant further said that its electric vehicle sales are expected to remain at ~50% of overall sales in the second half of the 2010s.
The change in business model comes after several highly publicized incidents of Mercedes-Benz electric cars catching fire and causing extensive damage.
On New Year’s Eve 2023, an EQB model caught fire while charging at a car showroom in Malaysia. video Footage shows the horrifying moment part of a building goes up in flames.
The local fire and rescue operations commander said the fire destroyed “approximately 90 percent of the vehicles, 5 percent of the showroom building structure and 20 percent of the electric vehicle charging bays.” Said of Star.
Earlier this year, a new Mercedes-Benz EQE350+ electric car spontaneously caught fire while parked in the garage of a Nocatee, Florida, home, causing an estimated $1 million in damage to a home.
According to Breitbart News, the car wasn’t even charging at the time of the fire. report.
