Mercedes To Bet $47 Billion On An Electric Future

One by one, the world’s auto manufacturers have made bold commitments to electric vehicles, setting targets for turning over their entire fleets and disclosing large capital expenditure plans for the future. Today, it looks like it’s Mercedes’ turn. The luxury auto manufacturer has said this morning it is going to spend more than $47 billion over the next 10 years to "electrify its lineup and defend its position as the world’s best-selling luxury-car maker through a historic industry transformation," according to Bloomberg. Mercedes…

via OilPrice

Categories: Energy