BMW plans to double battery electric powered auto income this year

BMW reported on Friday that it aims to double its sales of absolutely-electric powered vehicles this 12 months as the German carmaker and rivals race to release new products to comply with CO2 emissions targets and chase marketplace chief Tesla.

BMW also claimed that such as plug-in hybrids, it aims for a 50% boost in income of electrified cars versus 2020.

It did not give sales volumes for its absolutely electric powered vehicles but in 2020 information introduced on Tuesday BMW reported it offered close to 193,000 electrified vehicles — absolutely electric powered and plug-in hybrid — very last yr.

Tesla sent just under 500,000 vehicles, all absolutely electric powered, to clients in 2020.

Gallery: Dacia Bigster concept (motor1)

a person standing in front of a car: Dacia Bigster concept

The BMW Team now generates 13 electrified styles — both totally electric or plug-in hybrid — sold in 74 markets.

BMW stated on Tuesday that its world-wide EV revenue rose 31.8% in 2020 and accounted for 15% of its product sales in Europe, encouraging the business meet its European Union emissions targets for very last yr.

By 2023, BMW explained it would nearly double its line-up of electrified vehicles to 25 types, with additional than half of them fully electric.

As perfectly as emissions targets, a increasing variety of international locations will ban the sale of new fossil-gas automobiles starting in 2030, introducing stress on carmakers to develop electrical automobiles.

BMW programs to double battery electric automobile revenue this year at first appeared on Autoblog on Sat, 16 Jan 2021 13:00:00 EST. Remember to see our terms for use of feeds.

Continue on Examining