Daimler speeds up shift to electric vehicles, Manager Magazin reports

A charging port is seen on a Mercedes Benz EQC 400 4Matic electric vehicle at the Canadian International AutoShow in Toronto, Ontario, Canada, February 13, 2019. REUTERS/Mark Blinch/File Photowill accelerate the launch of electric cars slated for the middle of this decade while phasing out fossil-fuel versions, as it revamps its electrification strategy, Manager Magazin reported on Thursday.

Many of the electric vehicle models the German carmaker has planned for 2024 or 2025 will be moved forward a year and their fossil-fuel equivalents will be dropped from the lineup, the magazine reported, citing sources close to the matter. According to the magazine, Daimler Chief Executive Ola Källenius would like to announce the changes before the summer break this year and hold a capital markets day.The Mercedes-Benz maker said in March it would, but provided no details of how fast its car line-up will go electric.

Some carmakers have announced firm plans to go all-electric. Volvo, for instance, says all of its cars will be battery electric vehicles by 2030.this week that some carmakers, including Daimler, lacked ambitious targets to phase out fossil-fuel cars.More from ReutersSubscribe for our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.

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