BERLIN, Sep 29 (Businesshala) – Rolls-Royce will only produce electric cars by 2030, the luxury carmaker said on Wednesday, joining other premium brands such as Volkswagen’s Bentley and Jaguar’s Land Rover to make the switch.
The BMW-owned brand said in a statement that its first fully electric car, codenamed ‘Spector’, will hit the market in the fourth quarter of 2023, with testing to begin soon.
“With this new product we set our credentials for the complete electrification of our entire product portfolio by 2030,” said Rolls-Royce CEO Torsten Müller-Otvos, which is based in the South of England.
“Until then, Rolls-Royce will not be in the business of producing or selling any internal combustion engine products,” Muller-Otvos said.
BMW (BMWG.DE) has not set an end date for producing fossil fuel-burning cars, instead setting a target of 50% electric vehicle production by 2030, but its subsidiary Mini said in March that it would Will be completely electric by the end. decade.
Tata Motors’ Jaguar brand (TAMO.NS) Jaguar Land Rover will go fully electric by 2025, Volkswagen AG’s (VOWG_p.DE) luxury unit Bentley Motors by 2030 and Mercedes Benz manufacturer Daimler (DAIGn.DE) fully electric will be electric. In the same year, if market conditions allow.