Mercedes boss: EV costs will remain higher for foreseeable future
(This Sept. 3 story has been officially corrected to clarify that comment refers to battery costs, not production costs as a whole, in paragraph 7) MUNICH (Reuters) – The variable costs for producing electric vehicles will remain higher compared to combustion engine models for the foreseeable future, the chief executive of Mercedes-Benz said on Sunday, adding this would continue to fuel intense competition. Ola Kaellenius’s comments come as Mercedes-Benz disclosed […]