Bentley Motors further delays all-EV plan amid weak demand as it embraces plug-in hybrids

Core Viewpoint - Bentley Motors is delaying its target to exclusively offer all-electric vehicles until at least 2035 due to changing market conditions and low demand from current customers [2][3]. Group 1: Company Strategy - Bentley has an ambition to build only fully electric cars from 2035, but this timeline has been adjusted in response to market dynamics [2]. - The company plans to continue focusing on plug-in hybrid electric vehicles until the revised target date [1]. Group 2: Market Demand and Legislation - Current demand for electric vehicles (EVs) from Bentley's existing customer base is low, prompting the need for a revised strategy [2][3]. - Legislation and competition are significant factors driving the need for electrification in the automotive industry [3]. Group 3: Historical Context - Bentley initially announced plans to exclusively offer all-electric vehicles by the end of this decade in 2020, but these plans have faced delays [3]. - The former CEO indicated that the timeline would be pushed back by a few years without specifying a new timeframe [3].