Going from strength to strength with new dealerships
Stephan Venter is making waves. Most recently with Changan Pretoria.
- Dealer News
- 24 October 2025
Mercedes-Benz recently announced from its Stuttgart headquarters that it will delay its electrification goal by five years and assured investors it would keep sprucing up its combustion engine models.
This made the company the latest one in a growing line of carmakers to flag a weaker-than-expected appetite for battery-powered cars.
The company now expects sales of electrified vehicles, including hybrids, to account for up to 50% of the total by 2030 - five years later than its forecast from 2021, when it aimed to hit the 50% milestone by 2025 with mostly all-electric cars.
While automakers and suppliers are betting big on future demand for electric vehicles, investment in capacity and technology development has outrun actual EV demand, prompting carmakers to readjust production plans.
CEO Ola Kaellenius cautioned towards the end of last year that even in Europe sales would likely not be all-electric by 2030, with battery-powered cars currently making up just 11% of total sales, and 19% including hybrids.
Ola says Mercedes-Benz wanted customers and investors to know it was well-positioned to carry on producing combustion engine cars and was ready to update the technology well into next decade.
Its current plans for updates mean "it is almost like we will have a new line-up in 2027 that will take us well into the 2030s," Ola says.
Shares in the luxury carmaker were up 5.9% following the news, also supported by a R62 billion (three billion euro) share buyback programme unveiled.
Slower economic growth, supply chain bottlenecks and trade tensions between China and both the US and European Union also weighed on Mercedes-Benz's outlook for 2024, the carmaker said, forecasting lower returns on sales across its car and van divisions.
Stephan Venter is making waves. Most recently with Changan Pretoria.
Volvo is continuing its legacy as a leader in safety innovations for vehicles with is new multi-adaptive safety belt, which was also recognised by TIME magazine as one of the Best Inventions of 2025
BYD (Build Your Dreams) is rapidly expanding its footprint in South Africa with a series of major investments aimed at accelerating the country’s transition to electric mobility.
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You can't build a reputation on what you are going to do.
Henry Ford
BYD (Build Your Dreams) is rapidly expanding its footprint in South Africa with a series of major investments aimed at accelerating the country’s transition to electric mobility.
Japan has lodged formal objections to Vietnam's ambitious plan to phase out petrol-powered motorbikes in Hanoi, arguing the accelerated timeline threatens to bankrupt suppliers and eliminate thousands of jobs in a market worth R85.7 billion annually, according to confidential documents obtained by Reuters.
The uptake of New Energy Vehicles (NEVs) continues to gain momentum in South Africa, spurred on by the introduction of more affordable models into the local market.