The BMW-owned brand said in a statement that its first fully
electric powered car, named Spectre, will be on the market in the fourth
quarter of 2023, with testing to begin soon.
"With this new product we set out our credentials for
the full electrification of our entire product portfolio by 2030, said Torsten
Muller-Otvos, CEO of Rolls-Royce, which is based in the south of England.
"By then, Rolls-Royce will no longer be in the business
of producing or selling any internal combustion engine products,"
Muller-Otvos added.
BMW has not set an end date for producing fossil fuel
burning cars, instead setting a goal of 50 percent electric vehicle production
by 2030, but its subsidiary Mini said in March it would go all-electric by the
end of the decade.
The Jaguar brand of Tata Motors' Jaguar Land Rover will go
all-electric by 2025, Volkswagen AG' luxury unit Bentley Motors by 2030, and
Mercedes Benz maker Daimler by the same year, if market conditions allow. - Reuters
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