Daimler AG Chief Development Officer Thomas Weber has indicated that a prototype of an electric-powered Mercedes car with a range of more than 300 miles will makes it debut at the Paris Motor Show in October.

Speaking at a news media event in Stuttgart, Weber did not specify when the vehicle would reach production but said that “the structure is ready, the teams are working and the initial results from road tests are coming in quick succession.”

Daimler and its rivals are increasing their investments in the development of electrified vehicles in an effort to meet new European Union pollution targets and take advantage of government subsidies for buyers.

Daimler currently offers two battery-powered vehicles as electric drive versions of the eSmart Fortwo and Mercedes-Benz B-class.

The company has set a goal of selling more than 100,000 EVs by the year 2020.