BMW is designing an all-electric version of their 5 Series and 7 Series sedans as well as their entry-level X1 SUV, the company revealed Monday as it outlined a renewed effort to reduce its overall emissions.
That means that nearly all of the most popular cars by the German luxury carmaker will soon have all-electric variants. A fully-electric variant of the 3 Series, the most common BMW car in the U.S., has already been spotted in camouflage testing and the forthcoming BMW i4 is expected to fit into the 4 Series line-up. The company unveiled iX3, the all-electric version of its top-selling X3 Crossover, earlier this month. BMW has also announced the iNext Ev, That looks identical to the slightly bigger X5.
BMW won't just sell those all-electric variants, to be sure. The company will also make hybrid options that are gas-powered, mild hybrid, and plug-in. Yet BMW says that over the next 10 years it is aiming to reduce the total amount of CO2 that its vehicles emit by at least one third. By then, the company expects that more than 7 million BMW Group "electrified" vehicles (including those from subsidiaries such as Mini) will be on the road, including around 4.6 million all-electric vehicles. (Currently, the company sells about 2,5 million vehicles annually.)
BMW says that it is still working to build the "most sustainable supply chain industry-wide" for its electric vehicles, including getting its new battery manufacturer to agree only to use "100 % renewable power." Chairman Oliver Zipse said that the company has established a "detailed ten-year strategy with annual interim goals for the period up to 2030" and that BMW "will report on our progress each year.
"I strongly believe that fighting climate change and how we use energy will decide the future of our world — and of the BMW Party. It is our dream, as a luxury carmaker, to lead the path in sustainability. That's why, here and now, we take responsibility and make these concerns essential to our future strategic course, "Zipse said in a statement.
Unlike several other legacy manufacturers, BMW is struggling to get ahead of Europe and China's stringent emission regulations. Many European cities have an outright ban on internal combustion engines. Once seen as one of the leaders in electric vehicle space, the company eventually doubled on internal combustion cars.
Since then, the German automaker has not only lost market share but is also one of the firms most directly affected by Tesla 's rise, as Elon Musk has targeted the same affluent buyers that BMW covets.
Free Article Download-How to Find the Right Car for Your Budget.
That means that nearly all of the most popular cars by the German luxury carmaker will soon have all-electric variants. A fully-electric variant of the 3 Series, the most common BMW car in the U.S., has already been spotted in camouflage testing and the forthcoming BMW i4 is expected to fit into the 4 Series line-up. The company unveiled iX3, the all-electric version of its top-selling X3 Crossover, earlier this month. BMW has also announced the iNext Ev, That looks identical to the slightly bigger X5.
BMW won't just sell those all-electric variants, to be sure. The company will also make hybrid options that are gas-powered, mild hybrid, and plug-in. Yet BMW says that over the next 10 years it is aiming to reduce the total amount of CO2 that its vehicles emit by at least one third. By then, the company expects that more than 7 million BMW Group "electrified" vehicles (including those from subsidiaries such as Mini) will be on the road, including around 4.6 million all-electric vehicles. (Currently, the company sells about 2,5 million vehicles annually.)
BMW says that it is still working to build the "most sustainable supply chain industry-wide" for its electric vehicles, including getting its new battery manufacturer to agree only to use "100 % renewable power." Chairman Oliver Zipse said that the company has established a "detailed ten-year strategy with annual interim goals for the period up to 2030" and that BMW "will report on our progress each year.
"I strongly believe that fighting climate change and how we use energy will decide the future of our world — and of the BMW Party. It is our dream, as a luxury carmaker, to lead the path in sustainability. That's why, here and now, we take responsibility and make these concerns essential to our future strategic course, "Zipse said in a statement.
Unlike several other legacy manufacturers, BMW is struggling to get ahead of Europe and China's stringent emission regulations. Many European cities have an outright ban on internal combustion engines. Once seen as one of the leaders in electric vehicle space, the company eventually doubled on internal combustion cars.
Since then, the German automaker has not only lost market share but is also one of the firms most directly affected by Tesla 's rise, as Elon Musk has targeted the same affluent buyers that BMW covets.
Free Article Download-How to Find the Right Car for Your Budget.
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