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Home Technology Mercedes boss: EV costs will remain higher for foreseeable future

Mercedes boss: EV costs will remain higher for foreseeable future

The variable cost for manufacturing EV automobiles will remain high in the future, says Mercedes Benz owner

by NWMNewsDesk
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The variable costs for producing electric vehicles will remain higher compared to combustion engine models for the foreseeable future, the chief executive of Mercedes-Benz said on Sunday, adding this would continue to fuel intense competition.

Ola Kaellenius’s comments come as Mercedes-Benz disclosed more details about its newest electric vehicle architecture, the CLA compact electric sedan, which will launch next year and target 30% to 35% more driving range.

“The variable costs for an electric car are higher. It will remain that way for the foreseeable future,” Kaellenius told journalists at the IAA car show in Munich, adding higher costs could not be passed on to customers on a like for like basis.

Variable costs weighing on the price tag of EV production include raw materials for batteries, software development, and electricity prices.

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