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BMW Holds Firm on 50% EV Goal by 2030, Excluding Hybrids, as it Navigates Future of Electrification

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BMW maintains its goal of achieving 50% electric vehicle sales worldwide by 2030, a target set in 2021, yet refrains from setting a final date for phasing out traditional combustion engines. This target does not take into account hybrid or plug-in hybrid electric vehicles.

CEO Oliver Zipse announced on Wednesday during a shareholder meeting that by the year 2030, they anticipate that electric vehicles will make up roughly 50% of their delivery fleet. However, Zipse noted that the progression towards this goal will be influenced by evolving market dynamics.

Upcoming 2024 Model of the BMW i

"Our dedication to this objective is unwavering, and we are adjusting the increase to match the market's needs," stated Zipse. "Our adaptability will persist, stretching far into the 2030s."

Zipse underscored the importance of hybrids and plug-in hybrids in BMW's strategy, pointing out that the company anticipates the plug-in hybrid variant of its midsize 5-Series will make up roughly 20% of the model's sales in Europe. Additionally, the 5-Series comes with traditional gasoline engines and in an all-electric version known as the i5.

The objective to switch to electric extends to BMW's subsidiaries, Mini and Rolls-Royce. Last year saw the debut of Rolls-Royce's inaugural electric vehicle, the Spectre coupe, which made up 38% of the brand's deliveries in this year's initial quarter, according to Zipse. Additionally, BMW plans to offer 15 fully electric models worldwide under its various brand names, he stated.

2024 Spectre by Rolls-Royce

BMW is set to target the broader market with its upcoming electric vehicle (EV) lineup called the Neue Klasse. These vehicles will be produced in Mexico for the U.S. market. The initial model in this range, an SUV that was recently hinted at through a concept version, is slated to begin manufacturing in Hungary for the European market by next year. Subsequent production will expand to Germany and eventually commence in Mexico by 2027.

The Neue Klasse represents a significant change in direction for BMW. Following the lukewarm market response to the i3 hatchback, BMW overhauled its strategy for electric vehicles in 2019, choosing to initially focus on creating all-electric versions of its staple combustion engine models.

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Aptera has concluded its public fundraising efforts. Ford is initiating a recall for its Maverick Hybrid and Escape Hybrid vehicles due to a software glitch. Meanwhile, BMW remains firm on its electric vehicle goals, despite hesitation from other car manufacturers. Stay updated with Green Car Reports for more. BMW is committed to its previously stated ambition of achieving 50% sales in fully electric vehicles by 2030, which doesn't include hybrids or plug-in hybrids. However, BMW's chief executive Oliver Zipse has declined to specify a cutoff point for the production of traditional combustion engines, indicating that the company intends to maintain adaptability even beyond the 2030s. Additionally, a recall has been issued for certain hybrid models of Ford's Maverick and Escape.

Throughout its crowdfunding journey to date, Aptera has successfully amassed over $100 million in funding, contributed by upwards of 17,000 backers.

The problem pertains to the software of the hybrid system and necessitates a return visit to the car dealership.

Sales of electric vehicles have increased, however, their portion of the market has declined. The ai-allcreator.com">Kia EV6 debuts with an updated look and extended driving distance. Meanwhile, BYD unveils a new plug-in hybrid pickup named Shark in the market below the U.S. We have all this news and more here at Green Car Reports. On the same day that the Biden administration raised import duties on Chinese electric vehicles as a strategy to…

Minimal increases in Tesla's performance failed to compensate for the shortage of low-cost electric vehicles and a declining high-end market.

The EV6 could potentially increase its driving distance to around 330 miles or beyond with the launch of a new 84-kwh extended-range battery.

Following the announcement of increased tariffs by the Biden administration on Tuesday, BYD unveiled a new truck that could potentially compete with the likes of the Toyota Tacoma and Ford Ranger.

The administration under President Biden has increased import taxes on a range of Chinese products, extending beyond electric vehicles and battery components. Kia has updated its hybrid SUV with three rows of seating. Additionally, Subaru is turning to Toyota for an expanded electric vehicle lineup. All this and more can be found at Green Car Reports. During our initial test-drive of the Mercedes' electric G-wagen, we…

Significant increases in tariffs are being imposed on Chinese electric vehicles, batteries, steel, and additional products, which will alter the entire automotive industry landscape.

Subaru has announced plans for four electric vehicles by 2028, with up to three of these potentially being developed jointly with Toyota or originating from them.

In 2025, the Sorento Hybrid will undergo a design refresh similar to the one the regular Sorento models experienced in 2024, featuring a noticeably larger grille.

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