Rolls-Royce announced its plans to ditch gas and to produce all-electric vehicles by the year 2030. The British luxury automobile maker headquartered in Westhampnett, United Kingdom, revealed on Wednesday, Sept. 29, that it would be joining other major car brands in their move to switch to electric vehicles.
According to Reuters, Rolls-Royce, to start its transition to an all-electric carmaker, it will be unveiling its first fully electric car called “Spectre.” The company said that this will be arriving on the market in the last quarter of 2023. To prepare for its official launch, Rolls-Royce is set to begin testing the car soon.
“With this new product, we set out our credentials for the full electrification of our entire product portfolio by 2030. By then, Rolls-Royce will no longer be in the business of producing or selling any internal combustion engine products,” Rolls-Royce chief executive officer, Torsten Müller-Ötvös, said in a press release.
He added, “Spectre is the living fulfillment of Charles Rolls’ Prophecy. My Promise, made on behalf of Rolls-Royce Motor Cars, is kept. Now we begin a remarkable undertaking. I am proud that we will continue to propel the world’s most progressive and influential women and men into a brilliant, electrified future.”
Müller-Ötvös further through the release that the Rolls-Royce brand is already 117 years old, and today, after more than a century, he is proud to announce that they will be starting the on-road testing program for their new car that will elevate the global all-electric car revolution.
He said that the Spectre is the first and finest super-luxury all-electric car to be built. He also noted that this is the first of its kind and is not a prototype. This is the real one that will soon be traversing the roads as its testing begins.
Meanwhile, CNBC mentioned that with Rolls-Royce’s announcement about its shift to all-electric vehicles, it would be joining other luxury automakers such as BMW, Jaguar, Mercedes Benz, and Bentley, which are also working to lessen or completely phase out the gas vehicles. Automakers in the world are making this change to lower carbon emissions and help curb climate change.


China EV Truck Boom Accelerates as Iran War Drives Diesel Prices Higher
TikTok Nears $400 Million Settlement With Trump Administration Over Child Privacy Lawsuit
Dollar Struggles to Rally Despite Strong US Data as Fed Hike Expectations Remain Limited
Coinbase Q1 2026 Earnings Miss Sends COIN Stock Lower Amid Crypto Market Slump
Armani Group Eyes Strategic Stake Sale to Luxury Giants
Wall Street Futures Edge Higher as Iran Tensions and AI Optimism Shape Markets
US Trade Court Blocks Trump’s 10% Global Tariffs
US-Iran Ceasefire Under Pressure as Fresh Strait of Hormuz Clashes Shake Oil Markets
Gold Prices Hold Firm as Iran Tensions and Dollar Swings Drive Safe-Haven Demand
Nike Tariff Refund Lawsuit Sparks Consumer Backlash Over Price Increases
Asian Stocks Slide as Iran Tensions Escalate Despite Strong Weekly Gains
Gold Prices Rise as Weaker Dollar and Iran Ceasefire Hopes Boost Safe-Haven Demand
Philips Reaffirms 2026 Outlook After Strong Q1 Sales and Margin Beat
Maersk Q1 Earnings Beat Expectations as Iran Conflict Clouds Shipping Outlook
China Export Growth Surges in April as Global Buyers Rush to Secure Supplies
Arm Stock Drops Despite Strong AI Chip Demand and Earnings Beat
Japan’s Yen Intervention and BOJ Rate Hike Bets Support Currency Recovery 



