Mercedes-Benz shifts from ‘electric-first’ to ‘electric-only’

The automotive industry has been awash recently with major automakers detailing the next stages of their electric transitions. The latest to detail its progress and next steps is Mercedes-Benz. During an online presentation, its Chief Executive Ola Kaellenius summed up the size of the task in hand, describing his company’s transformation as “the most significant reallocation of capital in decades.” But what exactly is afoot in Stuttgart?