MUNICH, Germany: German high-end car manufacturer BMW said on Tuesday it would accelerate plans to introduce new electric models, as the whole industry comes under pressure to meet strict emissions regulations.
Peter added that"growing demand" for electric technology in several key markets like California and Britain had helped make the case for the switch. Germany's flagship industry as a whole is seen as lagging foreign competitors like California's Tesla or China's producers.In the first five months of 2019, BMW sold 48,000 electrified vehicles, up two percent on the same period in 2018."By 2021, we will have doubled our sales of electrified vehicles compared with 2019," Krueger promised.
In response, it has linked up with Jaguar Land Rover to develop next-generation electric motors - a"win-win situation", finance chief Peter said.Meanwhile, manufacturers know electric cars will only find receptive buyers if the charging infrastructure is in place to support them.
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