Chevrolet
Now playing
01:50
Demand for electric cars has grown slowly. But the tsunami is coming
Rosenbauer RT Electric Fire Truck
Rosenbauer
Rosenbauer RT Electric Fire Truck
Now playing
01:42
This electric fire truck is emission-free
Now playing
03:12
Go inside the EV startup working with Uber and UPS
The new all-electric Mercedes-EQS
Mercedes-Benz AG
The new all-electric Mercedes-EQS
Now playing
01:05
See the new all-electric EQS luxury sedan from Mercedes
The all wheel-drive, electric Nobe GT100
Nobe Cars
The all wheel-drive, electric Nobe GT100
Now playing
01:27
These tiny cars are cute and easy to park. Will anyone want them?
GM unveils new electric Hummer SUV
GM
GM unveils new electric Hummer SUV
Now playing
00:55
The Hummer electric SUV is coming
Canoo
Now playing
00:59
See this Tesla competitor's new electric pickup
Now playing
02:28
Fisker is making its next electric vehicle with Foxconn
Now playing
01:25
This robotaxi from Amazon's Zoox has no reverse function
Peter Valdes-Dapena/CNN
Now playing
01:01
This is Volkswagen's first electric SUV
Lucid Air Exterior
Lucid
Lucid Air Exterior
Now playing
00:57
This electric car could have the longest range on the market
General Motors
Now playing
01:00
Check out Lyriq, the first fully-electric Cadillac
The Ford Mustang Mach-E 1400
Ford Performance
The Ford Mustang Mach-E 1400
Now playing
01:04
See Ford's electric Mustang prototype with 1,400 horsepower
The all-electric Mini Cooper SE
Mini USA
The all-electric Mini Cooper SE
Now playing
01:19
Driving the new all-electric Mini Cooper
The all electric Porsche Taycan
Delia Baum
The all electric Porsche Taycan
Now playing
02:04
Review: The Taycan may be electric, but it's still all Porsche
London CNN Business —  

Daimler, the owner of Mercedes-Benz, is cutting at least 10,000 jobs around the world, making it the latest carmaker to shed workers as the industry races toward its electric future.

The German company said Friday that it needs to reduce staffing costs in order to develop clean vehicles, an imperative that is roiling the global autos industry and sparking waves of new investment in electric cars.

“The automotive industry is in the middle of the biggest transformation in its history,” Daimler said in a statement, adding that it wants to improve its competitiveness, innovation and investment strength.