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Wednesday, 17 March 2021

Germany: BMW to go half electric by 2030


BMW predicts that by 2030, at least half of its sales will be zero-emission vehicles. In the race to embrace cleaner driving, this goal is set more conservatively than some competitors. 


In the short term, the German automaker expected on Wednesday that this year's pre-tax profits will grow substantially, with strong performance in all areas, from MINIS to high-end BMW brands to top Rolls-Royce


The company's share price rose 4.9% to a 2-1/2-year high of 84.42 euros, boosted by expectations of a strong recovery from the pandemic in 2020. 


BMW said that by 2023, about 90% of the market categories will provide all-electric models, and the electric BMW i4 will be launched three months earlier this year. 


The automaker pointed out that "by the early 2030s," its MINI brand will be fully electric, and by 2030, electric models will account for at least 50% of the group's deliveries.

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