This content is not available in your region

Luxury carmaker Rolls-Royce to switch to all electric range by 2030

Luxury carmaker Rolls-Royce to switch to all electric range by 2030
Luxury carmaker Rolls-Royce to switch to all electric range by 2030   -   Copyright  Thomson Reuters 2021   -  
By Reuters

<div> <p><span class="caps">BERLIN</span> – Rolls-Royce will produce only electric cars by 2030, the luxury carmaker said on Wednesday, joining other premium brands making the switch such as Volkswagen’s Bentley and Jaguar’s Land Rover.</p> <p>The <span class="caps">BMW</span>-owned brand said in a statement that its first fully electric powered car, named ‘Spectre’, will be on the market in the fourth quarter of 2023, with testing to begin soon.</p> <p>“With this new product we set out our credentials for the full electrification of our entire product portfolio by 2030, said Torsten Muller-Otvos, <span class="caps">CEO</span> of Rolls-Royce, which is based in the south of England.</p> <p>“By then, Rolls-Royce will no longer be in the business of producing or selling any internal combustion engine products,” Muller-Otvos added.</p> <p><span class="caps">BMW</span> has not set an end date for producing fossil fuel burning cars, instead setting a goal of 50% electric vehicle production by 2030, but its subsidiary Mini said in March it would go all-electric by the end of the decade.</p> <p>The Jaguar brand of Tata Motors’ Jaguar Land Rover will go all-electric by 2025, Volkswagen AG’ luxury unit Bentley Motors by 2030, and Mercedes Benz maker Daimler by the same year, if market conditions allow. </p> <p/> </div>