By the year 2030, the Mercedes-Benz (DMLRY  ) plans to go all-electric, following the led of other carmakers like General Motors (GM  ) and Ford (F  ) towards a more sustainable business model into the next decade. The German automobile company, states that it will only sell all-electric cars "where market conditions allow," suggesting that Mercedes Benz could very well still sell gas-powered cars after 2030 in select countries.

According to parent company Daimler AG, by 2030, it expects to release three pure-electric models: MB.EA (medium and large passenger vehicles); AMG.EA (performance cars); and VAN.EA (light commercial cars and vans).

"The EV shift is picking up speed - especially in the luxury segment, where Mercedes-Benz belongs," Ola Källenius, who is in charge of both Daimler and Mercedes-Benz, revealed in a statement. "The tipping point is getting closer and we will be ready as markets switch to electric-only by the end of this decade," he went on to say. "This step marks a profound reallocation of capital."

In relation to these particular plans to go all-electric, Daimler plans to enhance its level of research and development. In conjunction with global collaborators, Mercedes Benz will additionally come up with eight gigafactories in order to manufacture the cells that it requires for its cars. This would in turn act as an addition to establish nine plants that are concentrated on the progress of battery systems. Daimler went on to add that Mercedes-Benz plans to, "team up with new European partners to develop and efficiently produce future cells and modules, a step which ensures that Europe remains at the heart of the auto industry even in an electric era."

Zero-emission transportation is also viewed as being an integral aspect of for major economies that try to diminish their environmental footprint and to decrease air pollution, which would be a primary goal for going all-electric. In the decision to make their vehicles all-electric, Mercedes Benz has made a crucially positive impact on the environment, as well as to enhance its level of research and development within the world of vehicles.