Mercedes warns electric cars will remain expensive for some time amid cooling demand  

High living and borrowing costs slowing demand 

The share of fully electric and plug-in hybrid vehicles will remain roughly stuck at between 19% and 21% of Mercedes’ sales this year.

Mercedes-Benz warned electric vehicles would remain more expensive than their combustion-engine siblings for years to come as the luxury-car maker braces for cooling demand for cars with a plug.

The manufacturer forecast lower returns in 2024, citing challenges from a slowing economy. Mercedes also pared back its outlook for electric car sales, with demand mainly in the small and medium segments where it is not as present.