BMW to have 25 electric or hybrid models by 2023

Tuesday, 25. June 2019 16:59

BMW AG said on Tuesday that it will accelerate the pace of introducing more hybrid and electric cars and will reach its goal of 25 electrified models by 2023, two years ahead of schedule.

"Over the past two years, we have consistently taken numerous decisions that we are now bringing to the roads. By 2021, we will have doubled our sales of electrified vehicles compared with 2019," Harald Krueger, chairman of the board of management at BMW, stated. "We will offer 25 electrified vehicles already in 2023 – two years earlier than originally planned. We expect to see a steep growth curve towards 2025: Sales of our electrified vehicles should increase by an average of 30 percent every year," he added.

The German carmaker noted that over half of the 25 models will be fully electric, while the remaining models will be hybrid vehicles.

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