Mercedes hastens electric-car shift as combustion era fades
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Stuttgart
MERCEDES-BENZ is accelerating its rollout of battery-powered cars in a race to meet tighter emissions rules as European buyers turn away from fuel-efficient diesel cars.
In a 10 billion euro (S$15 billion) project, the world's largest luxury-car maker intends to release 10 new electric vehicles by 2022, three years earlier than a target announced at the Paris car show in September. The expedited time frame reflects the urgency facing manufacturers as they brace for a shift away from traditional automotive technologies. Combustion engines would continue to be refined for a "transitional period", Mercedes parent Daimler said on Wednesday.
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