Mercedes Benz introduced its newest step in direction of electrification on Thursday, asserting that the corporate will supply BEV variations of its mannequin lineup “in all segments the company serves” by 2022 and that “all newly launched architectures will be electric-only” beginning in 2025.

“The EV shift is picking up speed — especially in the luxury segment, where Mercedes-Benz belongs. The tipping point is getting closer and we will be ready as markets switch to electric-only by the end of this decade,” Ola Källenius, CEO of Daimler AG and Mercedes-Benz AG, stated in a prepared statement. “This step marks a profound reallocation of capital. By managing this faster transformation while safeguarding our profitability targets, we will ensure the enduring success of Mercedes-Benz.”

To achieve this, MBZ plans to speculate some €40 billion into BEV expertise between 2022 and 2030. What’s extra, within the 2025 mannequin 12 months, MBZ will introduce a trio of EV-specific architectures: MB.EA for full-size passenger autos, AMG.EA for efficiency EVs geared in direction of present AMG clients, and VAN.EA, Mercedes’ new line of sunshine business EVs and repair vans.

Mercedes plans to construct and function eight gigafactories within the coming years to assist accommodate the 200 gigawatts of battery manufacturing capability the corporate anticipates it’s going to want for all these new BEVs it is going to be making.