The future of electric vehicles continues to look bleak as this luxury car maker just got out of the market

Photo By Rathaphon Nanthapreecha from Pexel

The Biden administration has been pushing the idea of getting every American into a Bidenmobile.

But the American public has been voting with their pocketbook and steadfastly refusing to buy them.

Now the future of Bidenmobiles continues to look bleak as this luxury brand has dropped its plans to go all in on the technology.

Mercedes-Benz backpedals on Bidenmobile plans

Mercedes-Benz is a world-renowned luxury German car manufacturer that is known for making quality vehicles.

Just three short years ago, the automaker announced plans to go “all-electric” by the year 2030.

At the time, the company said it planned to commit $47 billion to start electrifying its fleet and its new vehicle lineup.

CEO and Board Chair Ola Kallenius said, “We are convinced, we can do it with strong profitability, and we believe that focus on electrical is the right way to build a successful future and to enhance the value of Mercedes Benz.”

However, it appears those grand plans have now been tossed in the trash after the company made its most recent fourth-quarter earnings statement, which reads in part: “Customers and market conditions will set the pace of the transformation. The company plans to be in a position to cater to different customer needs, whether it’s an all-electric drivetrain or an electrified combustion engine, until well into the 2030s.”

The popular automobile brand elaborated by saying that its electric vehicle sales are currently only expected to reach a maximum of 50 percent of its overall sales in the second half of the decade.

The massive pivot comes after several viral stories revealed that Mercedes-Benz Bidenmobiles were catching on fire, causing serious damage.

For example, an EQB model caught on fire while it was being charged in a car showroom on New Year’s Eve 2023 in Malaysia.

Video footage showed the moment that part of the building the Bidenmobile was inside went up in flames.

As a result, the Bidenmobile fire destroyed “about 90 percent of the car, five percent of the showroom building structure, and 20 percent of the electric vehicle charging bay,” according to local fire and rescue personnel.

Another instance occurred when a brand-new Mercedes-Benz EQE350+ EV caught fire suddenly, while it was parked in a home garage in Nocatee, Florida, resulting in an estimated $1 million in damage – and it wasn’t even charging when the fire took place.

Bidenmobile sales are tanking

Recent sales of electric vehicles only represent 40 percent growth, which marks a decline from the previous two quarters.

Those sales are down from 54 percent in the fourth quarter of fiscal year 2022, and many manufacturers worry that the numbers will continue to go down.

It’s not very likely that Mercedes will see a growth increase of up to 100 percent in Bidenmobile sales in just a few more years.

Meanwhile, consumers have voiced a variety of concerns, including high price points, range anxiety, problems charging vehicles in cold weather, and others.

This means that auto manufacturers must continue to rely on the sales of gas-powered vehicles if they want to fund their future Bidenmobile plans.

Informed American will keep you up-to-date on any developments to this ongoing story.