Mercedes-Benz Postpones Its Self-Imposed Electrification Deadline
Mercedes-Benz has reportedly postponed its interim goal of achieving 50% of electric cars and plug-in hybrid sales by 2025 due to low sales figures. CEO Ola Källenius stated in Wednesday’s annual meeting that the middle of the decade now means 2026, according to a report by the German publication Handelsblatt. The company’s “Electric Only” strategy was adopted in July 2021, and it issued its 50% interim target at that time. Mercedes-Benz’s “xEV” covers both battery electric vehicles (BEVs) and plug-in hybrids (PHEVs). The Reason Behind the EV Deadline Postponement of Mercedes-Benz Mercedes is apparently facing challenges with the sales figures for its electric and hybrid vehicles, which led to the… Continue Reading »