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Technology

Mercedes CEO Says EV Transition 'Might Take Longer Than Expected'

Mercedes MercedesBenz Ola Källenius BMW

Mercedes-Benz once envisioned an aggressive, fast-paced transition to electric-only sales by the end of the decade. Now, amid a slowdown in the pace of EV sales growth, it's convinced that combustion engines have a future well beyond 2030. Mercedes-Benz chairman and CEO Ola Källenius made that clear during the company's annual shareholder meeting on Wednesday. 

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