Mercedes-Benz is stepping up its move into electric cars. It says it can see a scenario where all sales are electric by the end of the decade. For now, the luxury carmaker plans to raise its share of battery and plug-in hybrid cars to 50% of sales by 2025.
FILE - In this Feb. 5, 2015 file photo the logo of a Mercedes car is photographed during an annual press conference of Daimler AG in Stuttgart, Germany.
The shift to electric vehicles “is picking up speed - especially in the luxury segment, where Mercedes-Benz belongs,” said Ola Kallenius, CEO of Daimler AG and Mercedes-Benz AG. ”The tipping point is getting closer and we will be ready as markets switch to electric-only by the end of this decade.” In Europe, the share of electric cars is increasing, heavily driven by regulation and government incentives. Last year, electrically chargeable cars made up 10.5% percent of the European market.
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