BMW Hits 1 Million EV Sales, Targets 2 Million Fully Electric Sales by 2025

By Reuters
Reuters
Reuters
December 7, 2021 Updated: December 7, 2021

BERLIN—BMW has sold its one millionth electric vehicle (EV)—including purely electric and hybrid vehicles—and plans to reach two million sales of purely electric vehicles by 2025, the German carmaker said on Tuesday.

Around 70 percent of EVs sold so far were hybrids, board member Pieter Nota said in a roundtable with journalists, adding that the company believed hybrid models would continue to play an important role in particular for customers without easy access to chargers.

The carmaker aims for at least 50 percent of global sales to be fully electric by 2030, but has repeated on numerous occasions that lacking charging infrastructure was a major barrier to quicker consumer uptake of electric vehicles.

Sales in November were slightly below last year’s levels, Nota said, as a lack of chips continued to restrict supply. However, the company remained confident that it would see absolute revenue growth compared to last year, he said.

Reuters