{"id":1279391,"date":"2024-02-26T09:53:20","date_gmt":"2024-02-26T04:23:20","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1279391"},"modified":"2024-02-26T09:53:40","modified_gmt":"2024-02-26T04:23:40","slug":"mercedes-benz-will-not-stop-selling-petrol-diesel-powered-cars-after-2030","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/mercedes-benz-will-not-stop-selling-petrol-diesel-powered-cars-after-2030\/","title":{"rendered":"Mercedes-Benz Will Not Stop Selling Petrol, Diesel-Powered Cars After 2030"},"content":{"rendered":"\n<p> After facing a slowdown in sales growth, the global auto industry appears to be feeling more dour about going all-electric in future.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/02\/Untitled-design-90-1280x720-1-1024x576.jpg\" alt=\"Mercedes-Benz Will Not Stop Selling Petrol, Diesel-Powered Cars After 2030\" class=\"wp-image-1279397\" srcset=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/02\/Untitled-design-90-1280x720-1-1024x576.jpg 1024w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/02\/Untitled-design-90-1280x720-1-300x169.jpg 300w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/02\/Untitled-design-90-1280x720-1-768x432.jpg 768w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/02\/Untitled-design-90-1280x720-1.jpg 1280w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><strong>Mercedes-Benz Backs Off From Selling Only EV<\/strong><\/p>\n\n\n\n<p>This is more evident as <a href=\"https:\/\/www.theverge.com\/2024\/2\/22\/24080220\/mercedes-benz-ev-only-sales-2030-back-off\">Mercedes-Benz<\/a> is backing off from its plan to only sell electric vehicles after 2030, as the company in a statement said Thursday.<\/p>\n\n\n\n<p>Just three years ago, the situation was absolutely different when the German luxury vehicle manufacturer was feeling quite bullish regarding the plug-in powertrains.<\/p>\n\n\n\n<p>During that time Mercedes-Benz&nbsp; said that by 2030 they would only sell EVs.<\/p>\n\n\n\n<p>Further adding that it would completely phase out gas-powered vehicles, while including the caveat \u201cwhere markets allowed.\u201d<\/p>\n\n\n\n<p>But now, the picture has changed as the market is not allowing Mercedes to follow through on its plans.&nbsp;<\/p>\n\n\n\n<p>In its fourth quarter earnings statement, Mercedes-Benz declared that it only expects 50 percent of its sales to be all-electric.<\/p>\n\n\n\n<p>This appears to be a very significant drop from the once rosier outlook.<\/p>\n\n\n\n<p>This statement also confirms that Gas and hybrid vehicles will continue to be a part of the company\u2019s future for years to come.<\/p>\n\n\n\n<p><strong>Slow Growth Affecting EV Sales<\/strong><\/p>\n\n\n\n<p>According to Mercedes, \u201cCustomers and market conditions will set the pace of the transformation,\u201d in its report.<\/p>\n\n\n\n<p>Adding,&nbsp; \u201cThe company plans to be in a position to cater to different customer needs, whether it\u2019s an all-electric drivetrain or an electrified combustion engine, until well into the 2030s.\u201d<\/p>\n\n\n\n<p>The company is planning to use the same strategy in&nbsp; Europe, where EV sales growth outpaces North America\u2019s.<\/p>\n\n\n\n<p>Here, the luxury car manufacturer expects to transition to EV-only sales anytime soon, the company\u2019s CEO Ola K\u00e4llenius said in a report.<\/p>\n\n\n\n<p>Adding, \u201cIt\u2019s not going to be 100% in 2030, obviously&#8230; from the whole European market, but probably from the Mercedes side as well.\u201d<\/p>\n\n\n\n<p><strong>Concerns About Charging Time and Reliability<\/strong><\/p>\n\n\n\n<p>Basically, these comments express more caution about the EV future.&nbsp;<\/p>\n\n\n\n<p>In the meantime, other players including Tesla CEO Elon Musk warned that the company is bracing for significantly slower sales growth in 2024.<\/p>\n\n\n\n<p>On the other hand, the EV-only companies such as Rivian and Lucid expressed their concerns as they expect the production to stay flat this year.&nbsp;<\/p>\n\n\n\n<p>Some brands including GM and Ford, have delayed factory construction or even canceled their models.<\/p>\n\n\n\n<p>It is noteworthy here that the sales are still growing, but the consumers are becoming more discerning about price, while expressing concern about charging time and reliability.&nbsp;<\/p>\n\n\n\n<p>In the meantime, there is a significant increase in hybrid sales as more people see the benefit of hedging their bets while the charging infrastructure gets built out.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After facing a slowdown in sales growth, the global auto industry appears to be feeling more dour about going all-electric in future. Mercedes-Benz Backs Off From Selling Only EV This is more evident as Mercedes-Benz is backing off from its plan to only sell electric vehicles after 2030, as the company in a statement said [&hellip;]<\/p>\n","protected":false},"author":27,"featured_media":1279397,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[962,961],"class_list":["post-1279391","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-benz","tag-mercedes"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Mercedes-Benz Will Not Stop Selling Petrol, Diesel-Powered Cars After 2030 - Trak.in - Indian Business of Tech, Mobile &amp; Startups<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trak.in\/stories\/mercedes-benz-will-not-stop-selling-petrol-diesel-powered-cars-after-2030\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mercedes-Benz Will Not Stop Selling Petrol, Diesel-Powered Cars After 2030 - Trak.in - Indian Business of Tech, Mobile &amp; Startups\" \/>\n<meta property=\"og:description\" content=\"After facing a slowdown in sales growth, the global auto industry appears to be feeling more dour about going all-electric in future. 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