EV costs will remain higher for foreseeable future: Mercedes boss

Ola Kaellenius's comments come as Mercedes-Benz disclosed more details about its newest electric vehicle architecture, the CLA compact electric sedan, which will launch next year and target 30% to 35% more driving range.

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Mercedes boss: EV costs will remain higher for foreseeable future

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Mercedes-Benz's vision for the future is an ultra-efficient, luxury EV with 620-mile range