*The automaker says beginning in 2025, all of Mercedes-Benz鈥� newly launched vehicle architectures will be electric-only

Emmanuel Akosile | 绿帽献妻

Daimler has revealed that its Mercedes-Benz brand plans to go fully electric by the end of the decade, as long as 鈥渕arket conditions allow鈥� the transition.

绿帽献妻 gathered Daimler Thursday, July 22, 2021, said beginning in 2025, all of Mercedes-Benz鈥� 鈥渘ewly launched vehicle architectures will be electric-only.鈥�

Ola K盲llenius, Chief Executive Officer (CEO) of both Daimler and Mercedes-Benz, in a statement said: 鈥淭he EV shift is picking up speed 鈥� especially in the luxury segment, where Mercedes-Benz belongs.

鈥淭he tipping point is getting closer and we will be ready as markets switch to electric-only by the end of this decade.鈥�

The Germany-based automaker said it plans to launch three electric-only architectures in 2025: MB.EA, which will relate to medium and large passenger cars; AMG.EA, which will be dedicated to performance vehicles; and VAN.EA, for light commercial vehicles and vans.

The automobile manufacturing firm stated it would be investing over 鈧�40 billion (Euros), or roughly $47 billion, in research and development projects between 2022 and 2030 in order to facilitate the shift to electric vehicles.

K盲llenius noted: 鈥淏y managing this faster transformation while safeguarding our profitability targets, we will ensure the enduring success of Mercedes-Benz.

鈥淭hanks to our highly qualified and motivated workforce, I am convinced that we will be successful in this exciting new era.”