Arab Press

بالشعب و للشعب
Sunday, May 11, 2025

Bentley is going electric whether you like it or not

Bentley is going electric whether you like it or not

Bentley had its best year ever for sales and profits in 2022 and is working toward becoming an all-electric automaker by 2030 with more customers interested in making the switch.

The luxury automaker sold 15,174 vehicles worldwide and turned a profit of $752 million, both all-time records for the brand.

Profits increased 82% over the prior year driven by a 20.9% return on sales, which benefited from an increasing number of high specification and bespoke vehicle orders.

"We have built a sustainable financial basis for the long-term, a competitive cost structure and unique market positioning, resulting in a historically strong cash generative that is providing the funding for the most ambitious race to full BEV and carbon neutrality in the luxury sector," Bentley Chairman and CEO Adrian Hallmark said.

"Our order bank and order intake rate so far in 2023 show strong potential to sustain our performance, although the business environment is becoming more volatile and risk factors are increasing."


Sales were led by the Bentayga, which accounted for 42% of deliveries.

The large SUV is available with a range of engines that includes a 12-cylinder, a V8 and a plug-in hybrid V6, but they will be going extinct soon.

Bentley is one of several brands that has committed toward going all-electric by 2030 and will launch its first zero-emissions model in 2025.

Adrian Hallmark is confident Bentley's customers will make the transition to electric.


During a roundtable with reporters, Hallmark said the company is "fully committed to go fully electric," even as some of its sister brands under the Volkswagen Group umbrella are investigating the use of carbon-neutral synthetic E-Fuels as a way to keep internal combustion engines alive.

Part of Bentley's appeal has always been its big, powerful motors, and the company estimates it has sold more vehicles with 12-cylinder engines over the past 20 years than all other automakers combined, but Hallmark thinks the choice is clear.

Bentley's 12-cylinder engine features a unique W-configuration.


E-Fuels have yet to be approved by regulators in Europe and elsewhere who are developing zero-emissions automobile regulations, which makes it a risky proposition for a smaller company like Bentley.

"We can’t afford to develop both," Hallmark told FOX Business.

"Looking at our customer profiles and the cities and countries restricting the use, we are on the right side of the equation."

He is confident most Bentley owners will come along for the ride.

"We’ve not done this without consulting our customers."

Hallmark said that four years ago just 14% of those polled said they were looking to buy an electric Bentley within five years, but now that number is 62%, and he expects it to be above 70% in an upcoming survey.

"We accept losing some customers, but it's better than losing 70%."

Its gasoline engines will be going out with a bang, however, and Hallmark said there will be special edition "last-ever" models as they are retired.

Newsletter

Related Articles

Arab Press
0:00
0:00
Close
Trump's Upcoming Visit to Gulf Nations: Investment and Security at the Forefront
Cardinal Robert Prevost Elected as Pope Leo XIV, Marking a Historic Papacy
India-Pakistan conflict may be first test for Chinese military tech
Common Sense Returns to Britain's Legal System: UK Supreme Court Declares a Woman Is… a Woman
Warren Buffett to Step Down as Berkshire CEO After Nearly 60 Years
Trump Shares AI-Generated Image of Himself as… Pope, Prompting Outrage Reaction
Amazon Launches Satellite Internet Service Amidst Competition with SpaceX
Trump Administration Removes National Security Adviser Mike Waltz Amid Signal Chat Controversy
Massive Explosion at Iran's Bandar Abbas Port Linked to Suspicious Chemical Shipments
Pope Francis Laid to Rest in Rome as World Leaders Attend Funeral
Not Child’s Play: How Competitive Gaming Became a Global Economic Empire
California Surpasses Japan to Become the World’s Fourth-Largest Economy
Former U.S. Congressman George Santos sentenced to eighty-seven months for wide-ranging fraud
Israel Considers Limited Strikes on Iran's Nuclear Facilities Amid Diplomatic Efforts
Saudi Arabia Offers Max Verstappen Unprecedented Deal to Join Aston Martin
Global Pistachio Shortage Amid Rising Demand for 'Dubai Chocolate'
IMF Predicts No Global Recession Amid Trade Tensions
Removing the Political Rival Means Diminishing What's Remaining of Turkey's Economy
White House Investigates Security Breach After Journalist Accidentally Added to Secret Yemen Strike Chat
UAE Pledges $1.4 Trillion Investment Strategy in the United States
Revealing the Electromagnetic Characteristics of the Great Pyramid of Giza
Netanyahu Dismisses Shin Bet Chief Amid 'Loss of Trust' and 'Qatargate' Corruption Investigations Involving Netanyahu's Advisors
U.S. Approves $100 Million Precision Rocket Sale to Saudi Arabia Amid Ongoing Yemen Conflict
High-ranking ISIS Official Neutralized in Collaborative Operation in Iraq
Netanyahu Rejects UN Reports on Gaza as 'Untrue'
Six Americans Freed from Detention in Kuwait
Syria Wraps Up Military Campaign Amid Extensive Violence and Large-Scale Killings.
Trump Speaks Out on the Arrest of Pro-Palestinian Student at Columbia University
Demonstrations Break Out as Individual Ascends Big Ben with Palestinian Flag
Over 300,000 Refugees Expected to Return to Syria Amid Ongoing Crisis
Trump Urges Nuclear Talks with Iran as Tensions Escalate
US Launches AI Initiative to Track Foreign Nationals' Social Media for Terrorist Support.
US Initiates Direct Discussions with Hamas During Hostage Situation
US Government Dismisses Arab Leaders' Plan for Gaza Reconstruction
US Engages in Unprecedented Covert Talks with Hamas Regarding Hostages
Arab Leaders Approve $53 Billion Initiative for Gaza Reconstruction
Iran's Enriched Uranium Stockpile Reaches Levels for Six Nuclear Devices
Israel Indicates Willingness to Resume Military Operations in Gaza
Hamas Lets Go of Last Israeli Hostage as Part of Ceasefire Deal
Trump Adjusts Gaza Resettlement Plan Following Rejections from Regional Leaders
The negotiation teams of Trump and Putin meet directly, establishing the groundwork for a significant advance.
Israeli Minister Urges Hamas to Surrender and Depart from Gaza.
Iran Considers Moving Its Capital Due to Urban Difficulties
Israel and Hamas Finalize Sixth Exchange of Hostages and Prisoners During Continuing Gaza Ceasefire
Leaders of BRICS to Gather in Rio de Janeiro for July Summit
Muhsin Hendricks, a trailblazing openly gay imam, was killed in South Africa.
Trump's special envoy for hostage affairs cautions Hamas against challenging Trump before Saturday's deadline.
Two British citizens apprehended in Iran amid escalating tensions.
Israel Issues Threat of Military Action as Hostage Negotiations with Hamas Continue
Hamas Coordinates Worldwide Solidarity Marches in Reaction to U.S. and Israeli Initiative
×