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BMW hits sales of 1M electrified vehicles, targets 2M full-electric sales by 2025

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BERLIN — BMW has sold its one millionth electrified vehicle and plans to reach sales of two million full-electric vehicles by 2025, the automaker said in a statement.

About 70 percent of the electrified vehicles sold so far were plug-in-hybrid models, board member for sales Pieter Nota said in a roundtable with journalists.

The automaker believes plug-in models would continue to play an important role in particular for customers without easy access to chargers, Nota said.

Continuing to modernize fossil fuel-burning cars was another important step towards making the industry more sustainable, he said. “Only then can we make a difference across the customer base,” Nota said.

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BMW is investing in a range of technologies rather than focusing purely on full-electric cars to reduce emissions and opposes flat-out bans on purchasing combustion engine cars.

The automaker aims for at least 50 percent of global sales to be fully electric by 2030 but has repeated on numerous occasions that lacking charging infrastructure was a major barrier to quicker consumer uptake of EVs.

BMW’s sales in November were slightly below last year’s levels, Nota said, as a lack of chips continued to restrict supply. However, the company remained confident that it would see absolute revenue growth compared to last year, he said.

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