Mercedes-Benz has announced that it is to go all electric by the end of the decade, where market conditions allow.

By 2022, Mercedes-Benz will have battery electric vehicles (BEV) in all segments the company serves.

From 2025 onwards, all newly launched vehicle architectures will be electric-only and customers will be able to choose an all-electric alternative for every model the company makes.

Mercedes-Benz intends to manage this accelerated transformation while sticking to its profitability targets.

Related: Vauxhall to go all-electric by 2028

Ola Källenius, CEO of Daimler AG and Mercedes-Benz AG said: “The EV shift is picking up speed – especially in the luxury segment, where Mercedes-Benz belongs.

“The tipping point is getting closer and we will be ready as markets switch to electric-only by the end of this decade.

“This step marks a profound reallocation of capital. By managing this faster transformation while safeguarding our profitability targets, we will ensure the enduring success of Mercedes-Benz.

“Thanks to our highly qualified and motivated workforce, I am convinced that we will be successful in this exciting new era.”

Opinion: EV switch chance for garage industry to address poor pay and attract youngsters into workshops

To facilitate this shift, Mercedes-Benz is unveiling a comprehensive plan which includes significantly accelerating research and development.

In total, investments into battery electric vehicles between 2022 and 2030 will amount to over €40 billion.

Accelerating and advancing the EV portfolio plan will bring forward the tipping point for EV adoption.

Share your comments below.