estimates that EVs will account for 15 percent of sales this year, rising to 20 percent in 2024, and 25 percent in 2025, gaining parity with combustion sales “well ahead” of 2030.
That announcement comes only a couple of months after BMW released its sales figures for 2022, numbers that revealed sales of fully-electric BMW and Mini models doubled last year despite production challenges presented in the form of supply restrictions due to a shortage of chips and the war in Ukraine.
Unlike its rival Audi, BMW hasn’t set a time for its BMW-branded vehicles to abandon combustion engines altogether, but it has pledged that Mini and Rolls Royce will become EV-only marques in 2030, five years before an effective ICE ban comes into play in Europe, California, and multiple other states attempting to follow California’s lead.
CEO Jim Rowan described moves to weaken the 2035 law with concessions for e-fuels as “a deeply worrying and disappointing development.”BMW also announced this week that it expects the profit margin in its automotive business to jump from last year’s 7-9 percent to 8-10 percent in 2023, helped by sales of new high-end models like the latest 7-Series sedan.
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