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Mercedes-Benz plans EV-only sub-brand

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Mercedes-Benz reportedly plans to launch a separate line offering nothing but electric vehicles.

Two sources familiar with the matter told Bloomberg that the German manufacturer wants to sell four new EVs including two sedans and two SUVs.

The first of these, an SUV with around 500 kilometres of range, will apparently be introduced at the 2016 Paris Auto Show next month.

Mercedes’ idea is to rival other EV brands like Tesla and BMW by the end of the present decade.

“When Tesla started coming up many years ago we decided at the time, and I believe correctly, that the technology wasn’t quite ready,” Wolfgang Bernhard, Daimler’s trucks chief, said in an interview last week. “Now we believe the time has come to earn money in e-mobility over the next five to 10 years.”