Mercedes-Benz says it will reduce its combustion engine range “dramatically” over the next five years as part of a cost-cutting drive and shifting of resources towards electric mobility.

“We are going to reduce platforms and [the] number of combustion engines very dramatically," said Markus Schäfer, Mercedes chief operating officer and R&D boss, according to Automotive News Europe.

"We will drop our transmission count and eliminate manual gearboxes. Instead we will shift development resources toward electric drive," he added.

The Stuttgart-based firm says it plans to cut the number of models offered with a combustion engine by as much as 40 percent by 2025, with the figure reaching 70 percent by 2030.

In a separate, official statement, Schäfer suggested the company wanted electrified vehicles to account for more than half of its sales by that year.

“While we will expand the electrified portfolio towards a share of more than 50 percent of global sales by 2030, our investments in combustion engine development will decline quickly and the number of combustion engine variants will fall by 70 percent by 2030,” he said.