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

    2 monthes ago - By Hypebeast

    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 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...
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