Mercedes-Benz Delays Full EV Transition, Continues Gas and Hybrid Production

Amid cooling demand for electric vehicles, Mercedes-Benz revises its electrification strategy, planning to maintain combustion engine and hybrid models well into the 2030s.

Mercedes-Benz backtracks on its 2030 all-electric vehicle sales goal, now aiming for 50% electrified (EVs and hybrids) sales by then.
The decision reflects a global slowdown in EV demand, influenced by high costs, moderate oil prices, and range anxiety.
Mercedes CEO Ola Källenius cites cost parity between EVs and traditional cars as 'many years away', impacting the company's EV ambitions.
The auto industry faces challenges from supply chain disruptions, geopolitical tensions, and a competitive market with Chinese EV makers.
Mercedes plans to continue developing its combustion engine lineup, alongside electrified models, to cater to diverse customer needs.

South China Morning Post