Rolls-Royce to Go Electric by 2040

Must Read

List of United Bank for Africa (UBA) Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number that usually identifies both the bank and the branch where an account is held. The sort...

List of Access Bank Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number which usually identifies both the bank and the branch where an account is...

How To Block Your Bank Account And SIM Card In Case Of Emergency

Losing your phone and wallet or having them stolen can be very frustrating. However, in case that happens to...
- Advertisement -

The British motor brand intends to exclusively produce electric vehicles by the year 2040…

Rolls-Royce is joining the electric revolution and has announced that its existing 12-cylinder petrol engines will be “full electric” by 2040 in order to comply with changing regulations. So far only the UK and France have pledged to ban new petrol cars by 2040, but Rolls-Royce reckons that other markets will soon follow suit. CEO Torsten Müller-Otvos pointed to increased interest in alternative energy in oil-producing nations such as Saudi Arabia and the UAE. Although the brand does not yet offer an electric car, it is looking to release one within a decade.

The brand, which currently only offers 12-cylinder petrol engines in its cars, will be “full electric” by 2040 to comply with changes in international rules, chief executive Torsten Müller-Ӧtvӧs told the Financial Times. The UK and France have both promised to ban cars that run without electric power by 2040, but the Rolls-Royce boss believes other markets — such as the US or the Middle East — will also follow suit by then.

“When you see what happens in Saudi when you see what happens in Dubai, Abu Dhabi, they are all looking into alternative energy. “Electrification will also happen in these countries, sooner or later.” He added: “We will definitely offer 12-cylinder engines as long as we can, as long as it is legally allowed to offer them.”

Read Also:  Nigerians spent N304m on 'Avengers: Endgame' in first 7 days
- Advertisement -

The company aims to introduce its first electric vehicle within the next 10 years but will phase out its existing engines over several decades. Carmakers all over the world are working on electric vehicles to meet ever-tightening emissions regulations, particularly in Europe and China.

- Advertisement -
Rolls-Royce to Go Electric by 2040 - Brand SpurRolls-Royce to Go Electric by 2040 - Brand Spur

Subscribe to BrandSpur Ng

Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here
Read Also:  Rolls-Royce supplies battery storage for Microgrid on Cook Island

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Rolls-Royce to Go Electric by 2040 - Brand SpurRolls-Royce to Go Electric by 2040 - Brand Spur

Latest News

Nigeria Gross Domestic Product: COVID-19 drags economy further by 3.62%

The Nigerian economy slid into its second recession in five years, following the 3.62% y/y contraction recorded in Q3’20...

Shoprite surprises customers on a bumper Black Friday

Shoprite Nigeria’s supermarkets have offered early Black Friday deals and big discounts on everyday essentials as customers are increasingly looking for value, given the...

CBN retains MPR at 11.5%, Holds other Key Parameters Constant

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) of Nigeria concluded its two-day policy meeting which is the last for...

Custodian Completes Acquisition of UACN’s 51% Stake in UPDC

Custodian Investment Plc has completed the acquisition of the 51 per cent majority equity stake in UACN Property Development Company (UPDC) Plc from UAC...

New report reveals land inequality is worse than we thought and is fueling other inequalities

In a new study released today, researchers say that land inequality is rising in most countries.  Worse, new measures and analysis prove that land...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -Rolls-Royce to Go Electric by 2040 - Brand SpurRolls-Royce to Go Electric by 2040 - Brand Spur