BMW Expects Electric Vehicle Demand To Double In Three Years

Wed 26th Jun 2019

The German manufacturer’s promise for 25 new electric vehicles is ahead of plan as demand increases.

BMW had initially planned to introduce a range of new electric vehicles by 2025, but has now said that due to increased demand, those models will be ready two years earlier in 2023. The company is anticipating electric vehicle sales to grow by more than 30% per year up to 2025, and expects to have more than half a million fully-electric or plug-in hybrid drive trains on the roads by the end of this year.

“We are moving up a gear in the transformation towards sustainable mobility, thereby making our company fit for the future: Over the past two years, we have consistently taken numerous decisions that we are now bringing to the roads,” commented Harald Krüger, Chairman of the Board of Management of BMW.

“By 2021, we will have doubled our sales of electrified vehicles compared with 2019.”

“We will offer 25 electrified vehicles already in 2023 – two years earlier than originally planned. We expect to see a steep growth curve towards 2025: Sales of our electrified vehicles should increase by an average of 30 percent every year.”

BMW’s ambitious plans come one month after the Press Association warned of a bottleneck in global battery production, with some brands asking customers to wait 12-months for the delivery of their car. Kia and Hyundai are the worst affected, but Jaguar, Tesla, Nissan, Smart, Audi and Volkswagen have also experienced delays.