BMW expects half of sales to be electric cars by 2030

by SpeedLux
BMW i3

BMW expects at least half of its sales to be zero-emission vehicles by 2030, setting a more conservative target compared to some competitors in the race to embrace cleaner driving.

In the short term, the German automaker forecast on Wednesday a big boost in pretax profit for this year, with a strong performance in all areas – from MINIS through its upmarket BMW brand to top-of-the-range Rolls-Royces.

Its shares increased as much as 4.9% to a 2-1/2 year high of 84.42 euros, buoyed by its forecast for a strong recovery from a coronavirus affected 2020.

BMW said around 90% of its market categories would have entirely electric models available by 2023 and the electric BMW i4 would be introduced three months ahead of schedule this year.

The automaker said its MINI brand would be fully electric “by the early 2030s” and electric models would represent at least 50% of group deliveries by 2030.

When asked if BMW could set a date for ending sales of internal combustion engines, as some competitors have, Chief Technology Officer Frank Weber said they don’t decide on the end of “the internal combustion engine, but it’s the markets”.

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.


SpeedLux is a high-authority automotive blog providing the latest automotive news and reviews. SpeedLux covers everything related to cars, bikes, and motorcycles, from news and reviews, to troubleshooting guides, tips and tricks, and more. SpeedLux was born in 2009 and we have over 20,000 articles published on our blog. We thank all our readers, as well as our partners, without whom we could not have reached this level.


©2009 – 2024 SpeedLux – Daily Automotive News and Reviews. All Right Reserved.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More