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BMW expects jump in electric car sales in 2018 - Mr Froehlich

Auto News - Published on Thu, 07 Dec 2017

Image Source: Reuters
Reuters reported that BMW expects its sales of electric and hybrid vehicles to jump next year, its research and development chief said as the premium carmaker races to catch up with rivals such as US electric car pioneer Tesla. Sales in 2018 will exceed a 2017 sales target of 100,000 vehicles by a medium double-digit percentage, Mr Klaus Froehlich said at an event, without being more specific.

In the first 10 months of 2017, BMW sold 78,100 electric cars and plug-in hybrids.

BMW, which launched the i3 electric car in 2013, is gearing up to mass produce electric cars by 2020 and aims to have 12 different models by 2025.

Mr Harald Krueger chief executive said that BMW aimed to keep its return on sales around 8 to 10 percent even with the added costs of developing electric cars.

However, carmakers are trying to lower the cost of electric vehicles by investing in the development of affordable but powerful batteries and through modular production systems.

Source :

Posted By : Rabi Wangkhem on Thu, 07 Dec 2017
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