Toronto, Ontario – BMW is setting their sights high for the future as they announced their plan to have more than seven million electrified vehicles on the road by 2030, according to a press release from August.
BMW reports to have sold more than 500,000 electrified vehicles in 2019 and see that number continuing to rise over the next decade. The automakers are hoping to have about two-thirds of the seven million vehicles be fully-electric variants.
They additionally reported that about 13.3 percent of their new vehicle registrations were issued to an electrified BMW model. “This corresponds to 1.5-fold of the average share of all brands, which is around 8 percent. The company expects this figure to rise to a quarter by 2021, to a third by 2025 and to 50 percent by 2030,” BMW said, citing IHS Market data from this summer.
By comparison, only about 3.3 percent of new BMW registrations in the U.S. were issued to electrified vehicles.
BMW said it is “following the ‘power of choice’ approach in order to take account of customer needs and legal requirements on the global automotive markets.”
The company is currently pointing focus toward it’s X3 model, which is BMW’s “first model available either with highly efficient petrol and diesel engines including 48-volt mild hybrid technology, with a plug-in hybrid drive system or all-electric drive system.”
