Bentley Plans to Make Only Electric Vehicles by 2030

The United Kingdom was the first major economy to pass a net-zero emissions law, and the country plans on bringing all greenhouse gas emissions to net-zero by 2050. Several automakers have announced plans to reduce and ultimately stop the production of fossil-fuel-powered vehicles in favor of electric vehicles; recently, British automaker Bentley announced what appears to be the most ambitious plan of all. The luxury carmaker has pledged to stop making all fossil-fueled cars by 2030 in favor of all-electric electric vehicles (“EVs”) with zero carbon-exhaust emissions.

Initially, Bentley will stop the production of internal-combustion engine-powered vehicles within the next six years. The company will start developing hybrid cars, producing its first battery electric vehicles in 2025. By 2030, the company plans on its entire lineup consisting of electric vehicles only. “Within a decade, Bentley will transform from a 100-years-old luxury car company to a new, sustainable, wholly ethical role model for luxury,” said Bentley’s chief executive Adrian Hallmark.

The plan was announced Nov. 5, 2020, as part of the British luxury carmaker’s Beyond100 strategy, which will see the firm become an “end-to-end carbon neutral car brand.” According to “Car and Driver,” Bentley is set to hit the road running. Starting next year, Bentley will offer two hybrid plug-in models: the Bentayga Hybrid and the all-new Flying Spur Hybrid. “Car and Driver” reports that every Bentley model will be available with a hybrid powertrain by 2023.

The luxury carmaker will start production of its first fully-electric vehicle in 2025. “The future of Bentley will be fully electric,” said the firm’s chief engineer Matthias Rabe during an event announcing the news. Bentley is already taking steps towards reducing its impact on the environment. Last year, its production facility in Crewe was certified carbon neutral, becoming the first luxury automotive factory in the UK to earn the distinction.

The certification was granted due to Bentley’s two decades of implementing environmentally friendly solutions such as installing water recycling systems in paint shops and transitioning to renewable-only sources of electricity. The automaker states that all of its suppliers will have passed a sustainability audit as well by the end of the year.

“As a luxury car brand, our customers are more likely to have a home where they can charge a vehicle, an office where they can charge a vehicle, and other cars so they don’t have to rely on electric vehicles if they don’t quite meet their routine needs,” said Hallmark. “We are pushing to modernize and again reposition Bentley for a new generation.”

Net Element (NASDAQ: NETE) is an entity that you should watch in the electric vehicle sector. This financial solutions company announced in early August that it was merging with Mullen Technologies Inc., an EV maker based in California.

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