Europe's Electric Sales Unlikely to Reach Full Potential by 2030, says Mercedes-Benz

Mercedes-Benz CEO, Ola Kaellenius, stated that Europe is unlikely to be ready for all-electric sales by 2030, but the company will have its lineup ready. While the European EV market has grown significantly, Kaellenius emphasized the need for infrastructure to support the transition to electric vehicles. He also mentioned the tactical flexibility of producing both electric and combustion-engine vehicles on the same production line. This cautious approach aligns with other major carmakers expressing concerns about scaling up EV production and meeting regulatory targets. Despite the challenges, EV sales in Europe have grown by nearly 55% in the first seven months of 2023, accounting for about 13% of all car sales.