• 287 days Will The ECB Continue To Hike Rates?
  • 287 days Forbes: Aramco Remains Largest Company In The Middle East
  • 289 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 689 days Could Crypto Overtake Traditional Investment?
  • 694 days Americans Still Quitting Jobs At Record Pace
  • 696 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 699 days Is The Dollar Too Strong?
  • 699 days Big Tech Disappoints Investors on Earnings Calls
  • 700 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 702 days China Is Quietly Trying To Distance Itself From Russia
  • 702 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 706 days Crypto Investors Won Big In 2021
  • 706 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 707 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 709 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 710 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 713 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 714 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 714 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 716 days Are NFTs About To Take Over Gaming?
  1. Home
  2. News
  3. Breaking News

Bentley May Launch Electric Model

Bentley

Bentley is considering an all-electric model in a bid to reduce the carbon emission footprint of its other models, Automotive News reported this week, noting that the luxury brand was one of the most polluting brands in the large Volkswagen family.

According to the report, the project has yet to be approved, but if it is, Automotive News’ Christiaan Hetzner writes, it would probably use the EV architecture that is at the moment being developed for Porsche and Audi: the Premium Platform Electric.

The architecture focuses on higher speeds, shorter acceleration times, and, a top priority for EVs, shorter charging times. It will serve as the basis for a whole series of performance cars by Volkswagen beginning in 2021. The electric Bentley should hit markets before 2025 if it receives the approval of the group.

Bentley’s chief executive, Adrian Hallmark, confirmed in an interview with Reuters, the brand’s electrification plans. “It [the company’s board] was taking stock of all the models, all the powertrains, all the future technologies that we needed to invest in and re-cut the plan to be more electrified than we were,” Hallmark said. The decision will likely be made within a year.

Bentley last year showcased a concept electric car, a version of its EXP 12 Speed 6 sports model.

The luxury brand’s parent company, Volkswagen, has already staked an ambitious claim to the EV market. Earlier this month, VW CEO Herbert Diess told German TV ZDF Volkswagen will release an EV comparable in performance to Teslas, but at half the price, sparking, among other things, ridicule and accusations of lying.

Earlier estimates of the cheapest EV in the VW family, the ID Neo, had a price tag of more than US$29,000, which is certainly not half of Tesla Model 3’s US$35,000 price tag. The ID Neo is slated to hit markets in 2020.

By Irina Slav for Safehaven.com

More Top Reads From Safehaven.com:

Back to homepage

Leave a comment

Leave a comment