German luxury automaker Mercedes-Benz is backing away from its commitment to fully transition to Electric Vehicles by 2030 amid weak sales, shifting back to gas-powered cars that remain in demand among car buyers.Källenius had sought to make Mercedes-Benz fully electric by 2030. In July 2021, Mercedes-Benz announced its all-electric push, vowing to shift from an “electric-first” to “electric-only” agenda.we will be ready as markets switch to electric-only by the end of this decade.
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,Those plans have been slowed as orders for its all-electric sedans have been disappointing and brought margins down to nine percent in the first quarter. Instead, Mercedes-Benz will continue making gas-powered cars past the start of the next decade.
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