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BMW-owned Rolls-Royce says to switch to all-electric range by 2030



Rolls-Royce will produce only 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, called the Specter, 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 hasn’t set an end date for production of fossil fuel-burning cars, instead setting a goal of 50 percent electric vehicle production by 2030, but its subsidiary Mini said in March that it would go fully electric by the end of the decade. .

Tata Motors’ Jaguar Land Rover’s Jaguar brand will go fully electric by 2025, Volkswagen AG’s luxury unit Bentley Motors by 2030, and Mercedes-Benz manufacturer Daimler by the same year, if market conditions allow.

© Thomson Reuters 2021

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Further studies: Rolls Royce, BMW, Jaguar, Land Rover, Benz, Bentley, Volkswagen, EV, Electric Car, Electric Vehicle, Specter

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