The investment will include significant upgrades to Bentley's historic plant manufacturing campus in England.
"Beyond100 is the boldest plan in Bentley's illustrious history, and in the luxury segment. It's an ambitious and credible roadmap to carbon neutrality of our total business system, including the shift to 100% BEV in just eight years," Bentley CEO and Chairman Adrian Hallmark said in a release.
The change is a major move for the automaker, which is best known for its uber-luxurious vehicles with eight- and 12-cylinder engines. It follows several other automakers saying they plan to move away from vehicles with traditional internal combustion engines to electric powertrains. But unlike many mainstream automakers, Bentley will lean on plug-in hybrid electric vehicles in its transition to all electric. The company plans to exclusively offer electrified models, including all-electric and plug-in hybrids, beginning in 2026. Bentley currently offers a $160,000 plug-in hybrid version of its Bentayga SUV, which includes an engine as well as EV components and electric range.
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