Mercedes Benz Electric vehicle sales: Focus on Electric Vehicle Sales and Investment

Mercedes Benz Electric vehicle sales: We examine electric vehicle sales and highlights from Mercedes-Benz CEO’s EV transition strategy.

Mercedes-Benz CEO Ola Kallenius discussed zero-emission transportation with CNBC. He stressed that this transformation is a marathon, not asprint.

He said this in recognition of the fact that most people will take some time to adopt the technology.
He highlighted the automotive industry’s challenges in transitioning to electric vehicles (EVs) by comparing it to being on the eighth or ninth kilometer of the journey.

This analogy emphasized the transition’s difficulty. Due to progress made, the current situation is like being on kilometer eight or nine of the voyage. This is due to the gains that have been made. Kallenius says Mercedes-Benz will keep
investing in low- or zero-emission vehicle research and development.

Customers have praised the firm’s EV models like EQA, EQB, and EQE SUV, and the company has responded accordingly. The Q2 financial report showed remarkable growth, with a profit before interest and taxes exceeding 5 billion euros ($5.48 billion). This was stated in the financial report. This is an 8% growth compared to the previous year.

Mercedes Benz Electric vehicle sales

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Mercedes-Benz sold 61,211 battery electric vehicles in Q2, up from 31,259 in the same period last year. This suggests Mercedes-Benz is making progress in electric vehicles due to their efforts. The number of plug-in hybrid vehicles sold increased to 34,699 from 32,335, showing moderate industry growth. This increase occurred due to higher demand.

Kallenius says the company is focusing on new architectures to shape its electric strategy. This is from Kallenius. By donating billions, the company shows commitment to electric vehicle research and development.

Despite the EV push, Kallenius stressed the need for flexibility and balance in producing EVs and regular vehicles. The relevance was emphasized by him due to the increasing demand for electric cars.

The move to low- and zero-emission transportation is challenging for lawmakers and businesses, as most cars still use diesel or gasoline. Certain regions, like the UK, are already experiencing major changes. The first half of this year saw a record 170,231 UK electric cars produced. Plug-in hybrids, battery electric cars, and PHEVs are all examples in this category.

Our Reader’s Queries

Are Mercedes EVs selling well?

In 2022, Mercedes-Benz managed to sell 12,423 electric cars in the US, which accounted for 4.3 percent of the total volume of cars sold. However, the year 2023 has already seen a significant increase in the sales of Mercedes-Benz BEVs. With the introduction of new versions of existing models such as AMG and Maybach, this positive trend is expected to continue.

How many EV cars has Mercedes sold?

Mercedes-Benz has seen impressive growth in the United States market, with over 10,000 units of their BEV sold. This has contributed to the brand’s overall success, as they have sold more than 286,000 plug-in cars this year alone, including over 174,000 all-electric cars. In Q1-Q3 of 2023, Mercedes-Benz Cars’ global plug-in car sales have shown a significant year-over-year increase.

Why is the EQS not selling well?

The EQ lineup’s top end has an excessive price premium and lacks lease support, according to some Mercedes insiders. They believe that the brand’s cars should be desirable, like the S-Class or AMG GT Coupe, to attract customers. The issue may lie with the products themselves, as per one insider’s opinion.

Are Mercedes electric vehicles near 15 of total US sales after solid Q3?

Mercedes electric vehicles are making a significant impact in the US market, with sales soaring by 284% in Q3 compared to last year. In fact, they now account for almost 15% of total US sales, which is a remarkable achievement. In comparison, Ford and GM are lagging behind with only 3% to 4% of the market share. During the period of July to September, Mercedes-Benz sold an impressive 10,423 electric vehicles, which is a clear indication of the growing demand for eco-friendly cars. This is a positive trend that is likely to continue in the future.

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