Luxury carmaker Rolls-Royce to switch to all electric range by 2030

FILE PHOTO: The mascot, the so-called Spirit of Ecstasy or Emily, is pictured on a Rolls Royce car displayed at the headquarters of Chabe, Chauffeured Cars Services, in Nanterre near Paris, France, July 2, 2020.REUTERS/Gonzalo Fuentes/File Photo

BERLIN (Reuters) - Rolls-Royce will produce only electric cars by 2030, the luxury carmaker said on Wednesday, joining other premium brands making the switch such as Volkswagen's Bentley and Jaguar's Land Rover.

The BMW-owned brand said in a statement that its first fully electric powered car, named 'Spectre', will be on the market in the fourth quarter of 2023, with testing to begin soon.