German concern Daimler announced that starting from 2025, all cars of its Mercedes-Benz division will be electric only.
To implement this plan, the company is investingabout $47 billion in modernization of production facilities, will increase the pace of research and development of electric vehicles, and will also build 8 new battery production plants. In addition, by 2022, all Mercedes-Benz passenger car assembly plants will use only “green” materials. principles of operation and will stop polluting the environment.
The German concern is not the only one who wantscompete with Tesla in the electric vehicle market, similar plans have been previously reported by Volvo, Cadillac, Jaguar and General Motors. However, such decisions are due not only to the concern of manufacturers for the environment, but also to the upcoming bans on the use of vehicles with internal combustion engines in a number of countries, including the UK, Canada and Norway.
In March, Audi also decided to stop developing new internal combustion engines altogether due to stricter EU environmental standards.
</p>Read this:
Mercedes Benz plans blockchain integration for identification
Mercedes-Benz presented a prototype of a futuristic electric vehicle VISION AVTR
Mercedes Benz and startup Circulor launch a pilot project to track cobalt and carbon emissions
Mercedes Benz implements blockchain in its processes
Hyundai to launch ultra-fast charging stations for electric vehicles
Kia will equip its electric vehicles with ultra-fast 800 V charging system