Mercedes-Benz CEO says EV transition will be helped by luxury drivers


A charging port is seen on a Mercedes Benz EQC 400 4Matic electric vehicle at the Canadian International AutoShow in Toronto, Ontario, Canada, February 13, 2019.

Mark Blinch | Reuters

Mercedes-Benz CEO Ola Kallenius told CNBC’s Jim Cramer that while he thinks there will be a market for vehicles with internal combustion engines for a while longer, consumers – particularly in luxury segments – will insist on purely electric cars and SUVs sooner rather than later.

In fact, he said, it’s already starting to happen.

“Step by step, we see the market turning,” Kallenius said in an interview as part of CNBC’s ESG Impact conference on Thursday. “I really believe that in this decade, we will flip…


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