Mercedes-Benz CEO on EV demand in the U.S.: 'The trajectory is going upward'

Summary

Mercedes-Benz CEO Ola Källenius discusses the unveiling of the new electric AMG model in Los Angeles. He highlights the resilience of the U.S. luxury car market and sees EV demand trajectory as upward. He also comments on EU tariff developments and competition from Chinese automakers, emphasizing innovation and efficiency as responses.

• Mercedes unveiled its all-new electric AMG GT four-door coupe in Los Angeles.
• CEO Ola Källenius described the U.S. as the largest performance car market worldwide.
• He stated the luxury car market in the U.S. remains resilient with underlying strength.
• The entry-level all-electric CLA is sold out, showing strong demand.
• Källenius noted the EU Parliament is ready to ratify a tariff deal, adding predictability.
• He views protectionism as not Europe's best business model but calls for a level playing field.
• Competition from Chinese automakers in Europe is acknowledged, with innovation as the response.
• EV demand in the U.S. is on an upward trajectory, driven by better products and infrastructure.