German luxury carmaker Daimler said Thursday it was investing 40 billion euros ($47 billion) in a full shift to electric Mercedes-Benz vehicles by the

Daimler prepares for all-electric shift by 2030

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2021-07-22 12:30:04

German luxury carmaker Daimler said Thursday it was investing 40 billion euros ($47 billion) in a full shift to electric Mercedes-Benz vehicles by the end of the decade.

"Mercedes-Benz will be ready to go all-electric within this decade," the firm said in a presentation, although it did add the caveat "where conditions allow".

The carmaker unveiled an ambitious strategy that would have an electric version of all models by 2025 and a pledge that all new car platforms would be electric-only from that date.

To enable its shift to electric vehicles Daimler said it plans to open eight battery production facilities and planned to use a common battery platform across more than 90 percent of future vehicles.

"The EV shift is picking up speed -- especially in the luxury segment, where Mercedes-Benz belongs," Daimler CEO Ola Kallenius said in a statement.

The company said it is aiming to boost efficiency across the board with the goal of providing a real driving range of over 1,000 km (620 miles) on a single charge.