Mercedes To Spend $47 Billion USD in Transition to Fully Electric Lineup by 2030

Eight new gigafactories are on the way.

Automotive
6,285 Hypes 4 Comments

Following in the footsteps of Jaguar, Bentley, Maserati, and even GM, Mercedes has now announced its plans to go fully electric by 2030.

Revealing its new direction on Thursday, the company says that it’ll offer BEV versions of all its models across every segment by 2022, and by 2025 all of its brand new architectures will be electric only. To facilitate the transition, Mercedes will be spending a staggering €40 billion EUR (approx. $47 billion USD) between 2022 and 2030 to reach its fully electric targets.

The money will allow Mercedes to build eight gigafactories in the near future in order to facilitate its growth into the EV market, and also provide the budget to release three new architectures based around electric cars: the AMG.EA for AMG enthusiasts, the MB.EA for general passenger vehicles, and the VAN.EA for service and light commercial vehicles.

“The EV shift is picking up speed — especially in the luxury segment, where Mercedes-Benz belongs. The tipping point is getting closer and we will be ready as markets switch to electric-only by the end of this decade,” said CEO Ola Källenius in a statement. “This step marks a profound reallocation of capital. By managing this faster transformation while safeguarding our profitability targets, we will ensure the enduring success of Mercedes-Benz. Thanks to our highly qualified and motivated workforce, I am convinced that we will be successful in this exciting new era.”

Elsewhere in the automotive world, Apocalypse has converted the RAM 1500 TRX into a 6×6 “Warlord.”

Read Full Article

What to Read Next

All-New Mercedes-AMG G 63 Surfaces with Electrified Drivetrain
Automotive

All-New Mercedes-AMG G 63 Surfaces with Electrified Drivetrain

Boasting 577 hp and capable of a 4.2 second 0-60 run.

Mercedes-AMG Unveils All New E 53 HYBRID: Capable of 604 HP
Automotive

Mercedes-AMG Unveils All New E 53 HYBRID: Capable of 604 HP

Thanks to its AMG-enhanced 3.0L inline six-cylinder turbocharged engine paired with a high-performance electric motor.

Mercedes-AMG Unleashes the SL 63 S E PERFORMANCE: Its Most Powerful SL Yet
Automotive

Mercedes-AMG Unleashes the SL 63 S E PERFORMANCE: Its Most Powerful SL Yet

Sporting 805 hp and up to 1,047 lb-ft of torque.


New Mercedes-AMG GT 43 Coupé Gets Fitted with a 2.0L Turbo Engine
Automotive

New Mercedes-AMG GT 43 Coupé Gets Fitted with a 2.0L Turbo Engine

Half the size of its GT 55 counterpart but still packing a punch with a rating of 421 hp.

Mark Zuckerberg's Personal Security Cost Facebook $23.4 Million USD in 2020
Tech & Gadgets

Mark Zuckerberg's Personal Security Cost Facebook $23.4 Million USD in 2020

Far exceeding any amount spent by any other tech executive.

8 Drops You Don't Want to Miss This Week
Fashion 

8 Drops You Don't Want to Miss This Week

Featuring YEEZY Gap, ASSC, ERL and more.

This Is the Final Bugatti Divo
Automotive

This Is the Final Bugatti Divo

Paying homage to the past while acknowledging the present.

Live Nation Offers $20 USD All-In Ticket for Almost 1,000 Concerts
Music

Live Nation Offers $20 USD All-In Ticket for Almost 1,000 Concerts

Catch the likes of Lil Baby, Rod Wave, Alanis Morissette live this year.

Ford Quietly Trademarks the "Skyline" Name for the U.S. Market
Automotive

Ford Quietly Trademarks the "Skyline" Name for the U.S. Market

Could Ford be camping the name?


This Mercedes-Benz AMG CLK GTR Strassenversion Could Sell for $10 Million USD
Automotive

This Mercedes-Benz AMG CLK GTR Strassenversion Could Sell for $10 Million USD

This is the ninth of just 25 CLK GTR Strassenversions ever built.

Taco Bell Faces Food Shortage Problems, Unable To Meet Menu Demands
Food & Beverage

Taco Bell Faces Food Shortage Problems, Unable To Meet Menu Demands

Key items featuring chicken, beef and tortilla are largely affected.

Mark Hamill Reveals He Has Cameoed In Every 'Star Wars' Film Since 2015
Entertainment

Mark Hamill Reveals He Has Cameoed In Every 'Star Wars' Film Since 2015

Lending his voice to characters like Dobbu Scay and Booli.

Warner Bros. Will Produce At Least 10 Films Exclusively for HBO Max in 2022
Entertainment

Warner Bros. Will Produce At Least 10 Films Exclusively for HBO Max in 2022

“Clearly motion pictures matter and will continue to matter.”

Twitch, Spotify, Airbnb & Others Reimagined as '90s Websites
Tech & Gadgets

Twitch, Spotify, Airbnb & Others Reimagined as '90s Websites

A hit of nostalgia for those who miss Internet Explorer.

More ▾
 
We got you covered. Don’t miss out on the latest news by signing up for our newsletters.

By subscribing, you agree to our Terms of Use and Privacy Policy.