Mercedes-Benz has announced that they will be investing $7.8 billion in EV and green technologies for the next two years. Following the announcement, the German automaker adds that there will be a range of hybrids and EVs joining the lineup in the future.

"We will invest 14.5 billion Euros in research and development in the next two years alone – more than half of it will again be spent on ‘green’ technologies. Just for our passenger cars, we are talking about 5.4 billion euro", says Prof Dr Thomas Weber, Member of the Board of Management of Daimler AG, Group Research and Mercedes-Benz Cars Development.

Earlier this year, the company introduced two plug-in hybrid models. The all-new E-Class and GLC-Class will gain PHEV (Plug-in Hybrid Electric Vehicle) powertrains and will be called the E350e and GLC350e. The next major model will be in 2017 with the model update of the S 500 e. For the first time in the brand's history, an all-electric motor will exceed the 50 kilometer mark on pure electric power thanks to advances in lithium-ion battery technology.

Mercedes-Benz adds that they have cut down the lineup's average fuel economy from 10.8 kilometers per liter to 20 kilometers per liter over the past 21 years. During the same time period, average CO2 emissions for the entire range was at 230 grams per kilometer and Mercedes-Benz has reduced that to 123 grams per kilometer.

In addition, Mercedes-Benz will put the first fuel-cell-powered vehicle with plug-in technology into series production, the GLC F-CELL. The automaker is also developing a dedicated vehicle architecture for battery-electric motor cars.