Mercedes-Benz acknowledges that the transition to electric vehicles might take longer than anticipated, with the potential for combustion engines to continue well into the 2030s based on consumer demand.
The company is prepared to sell combustion-powered cars as long as there is a market for them, with the flexibility to adjust production capacity between gas-powered and battery-electric vehicles to meet consumer needs.
Despite the slowdown in EV investments by automakers like General Motors and Ford, the global EV market is still growing significantly, with Mercedes-Benz experiencing a 73% increase in brand EV sales in 2023.
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