BMW DOUBLES ELECTRIC VEHICLE SALES

Mon 10 October 2022:

In the first nine months of 2022, the BMW Group sold more than 128,000 fully electric BMW and MINI cars, more than doubling the number of battery electric vehicles (BEVs) sold year over year, the German automaker said in a press release on Monday.

Pieter Nota, a member of the BMW AG Board, stated that the company was continuing to “press ahead with the transition towards electromobility” and that sales of fully electric vehicles had shown a “dynamic growth.”

The automaker hopes to sell over two million all-electric cars by the end of 2025.

In Germany, a purchase premium for new electric vehicles of up to 9,000 euros (8,730 U.S. dollars) will run out at the end of 2022. The country’s government is aiming to have 15 million all-electric cars on the road by 2030.

Total sales of the BMW, MINI and Rolls-Royce brands fell by 9.5 percent year-on-year to almost 1.75 million vehicles in the year to September because deliveries decreased in the first half of 2022 due to supply bottlenecks and the Ukraine-Russia conflict.

Sales of BMW vehicles, however, were “on a par with the previous year” in the third quarter (Q3), according to BMW. Sales of BMW and MINI vehicles fell by 11.1% in Europe in the third quarter but rose by 3.8% in the US and 5.7% in China.

SOURCE: INDEPENDENT PRESS AND NEWS AGENCIES

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