Rolls-Royce scraps goal to go all-electric by 2030

AI Summary
Rolls-Royce has reversed its commitment to exclusively sell electric vehicles by 2030, opting to continue producing cars with V12 engines. The decision, announced by CEO Chris Brownridge, is due to ongoing client demand for V12 engines and shifts in legislation. The company launched its all-electric Spectre model in 2022 with the initial plan to phase out V12 engines by 2030. This change in strategy aligns with similar moves by other luxury carmakers like Bentley, who have also delayed their all-electric transition. The broader automotive industry faces challenges in the electric vehicle sector, with some manufacturers experiencing financial setbacks and restructuring their EV divisions. Rolls-Royce will continue to produce V12 engines to meet customer demand.
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