Mercedez-Benz ‘committed’ to hybrid, EV futures: USA CEO on growth

Mercedes-Benz (MBG.DE) saw auto sales grow by 9% in 2024, driven by strong brand appeal, new product launches, and the automaker's strong fourth quarter performance. Mercedes-Benz USA CEO and President Dimitris Psillakis joins Julie Hyman and Pras Subramanian to discuss the success of Mercedes’ high-end vehicle portfolio, particularly in the E-Class and plug-in hybrids like the GLC. Psillakis also emphasizes that while electric vehicle adoption was “not as steep" as expected, Mercedes still remains "committed" to hybrid and electric options: "We're steadfast in developing the best electric vehicles for the demands in the markets, and will be following the trend and the speed of adoption." Psillakis forecasts internal combustion engines (ICE) — or traditional gas-powered engines — "will continue developing them well into 2030s, but we're also very committed to an electric vehicle strategy for all our products." To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. This post was written by Josh Lynch