BMW Group electric vehicles account for 20% of sales by 2024, 50% by 2030; Zipse calls for ‘reasonable Euro 7 solution’
BMW has released its electric vehicle growth forecast until 2030, which was revealed at the annual meeting of BMW AG, where Chairman and CEO Oliver Zipse made his statement.
Battery-powered vehicles (BEVs) are expected to account for 15% of the BMW Group’s global vehicle deliveries, and with more than 600,000 BEVs already on roads worldwide, this total is expected will increase to more than a fifth of total vehicles or more than 20% by 2024.
The share of electric vehicles will increase to a quarter (25%) by 2025 and then a third (more than 33%) by 2026. By 2030, BMW expects more than half of its vehicles to be sold worldwide. The whole world is fully electric.
For Europe specifically, the BMW group will achieve “more than 50%” of BEVs in the region, adding that if individual markets or regions have a demand for 100% electric mobility at a time, certain point, the group “will be ready and able to deliver,” Zipse said in its address. Zipse adds that by the end of the year, the group will have at least one BEV on sale in all of its major vehicle lines.
Regarding the US, the group’s largest plant in Spartanburg, South Carolina is expected to launch six BEV models by 2030 with an investment of more than US$1.7 billion (RM7.6 billion). This upcoming battery-powered vehicle high-voltage battery will be manufactured at a new plant in Woodruff, South Carolina.
Zipse said these plans show the BMW Group is strategically positioned to ensure the intensification of its BEV products in key regions around the world, while significantly enhancing its resilience to adverse events. foreseen, the CEO said in his statement.
On the other hand, Zipse asserts that politics is increasingly influencing the business of the BMW group, citing the US Inflation Reduction Act and the European Commission’s planned Euro 7 emissions standard. . Referring to the latter, Zipse calls this “even more regulation, but without any improvement in air quality,” adding that “the way it’s planned right now is simply won’t work.”
Zipse called the tentative date of July 2025 for the Euro 7 standard to come into force as “totally unfeasible, given completely unrealistic situations that have become the rule”, because of the testing conditions. requires automakers to deal with any and all exceptional situations encountered, the CEO continued.
“We are fighting for a sensible Euro 7 solution that also effectively increases air quality in cities. The Works Council and IG Metall union are firmly on our side,” Zipse said in its statement. What is most important to the BMW group is that the actual start date for the revised regulations is mid-2027 rather than the proposed mid-2025 start date; effective limit to test environmental conditions; and not focus on special and extreme cases, Zipse added.
