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Daimler Exec Says Electric Cars Only Half As Profitable As Conventional Cars … At First

Original story at CleanTechnica• 4 mentions • 1 week ago

CleanTechnica 1 week ago

 
September 13th, 2017 by James AyreThe Vice President of Finance and Controlling at Mercedes-Benz Cars, Frank Lindenberg, was recently quoted at one of Daimler’s investor meetings as saying that electric vehicles may be only half as profitable as diesel or petrol/gas-powered cars at first. Lindenberg noted that if the all-electric Mercedes-Benz EQ model ends up being popular, company profits could drop — well, initially. “In the beginning of the cycle we believe that we will have to face a significantly lower margin. For some vehicles half of the margin of the vehicles they replace,” he stated. As such, the exec ...
 
 
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13 Sep
Tor Valenza @SolarFred
via @cleantechnica Daimler Exec Says Electric Cars Only Half As Profitable As Conventional Cars … At First https://t.co/WjDfeF1lo9
13 Sep
Renewable Search @RenewableSearch
Daimler Exec Says That EVs Only Half As Profitable As Conventional Cars … At First https://t.co/hmpF5h8IWjhttps://t.co/KLZcVxfWvY
13 Sep
CleanTechnica @cleantechnica
Daimler Exec Says That EVs Only Half As Profitable As Conventional Cars … At First https://t.co/CdZdhJ05s3 https://t.co/hCR3WBbzi9
13 Sep
Zachary Shahan @zshahan3
Daimler Exec Says That EVs Only Half As Profitable As Conventional Cars … At First https://t.co/zXvYLKWfKE https://t.co/FPGAPDTnJn