Mercedes-Benz will be selling an electric version of all of their cars by 2022

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  • Mercedes-Benz has recently announced that it will be electrifying its entire vehicle line-up by 2022.

    Speaking at the company’s investor day in Sindelfingen, Germany, Dieter Zetsche, CEO of Mercedes-Benz owner Daimler, told investors that the company will sell at least 50 electric versions of cars, Reuters reported.

    The models will be both hybrid and full-electric versions of the cars.

    Speaking to investors at the event, vice president of finance and controlling, said, “In the beginning of the cycle we believe that we will have to face a significantly lower margin.

    “For some vehicles half of the margin of the vehicles they replace.”

    As electric cars have a lower margin, Daimler has set targets of savings of 4 billion.

    Smart, another Daimler-owned sub-brand, will go fully electric by 2020.

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