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Mercedes-Benz Backs Off Plan To Only Sell EVs By 2030

In its fourth quarter earnings statement on Thursday, Mercedes-Benz said it is backing off its plan to only sell electric vehicles after 2030. Instead, the company said it "only expects 50 percent of its sales to be all-electric -- a significant drop from the once rosier outlook," reports The Verge....

In its fourth quarter earnings statement on Thursday, Mercedes-Benz said it is backing off its plan to only sell electric vehicles after 2030. Instead, the company said it "only expects 50 percent of its sales to be all-electric -- a significant drop from the once rosier outlook," reports The Verge. In 2021, Mercedes was a lot more bullish about plug-in powertrains, saying that by 2030 it would only sell EVs and completely phase out gas-powered vehicles.

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