BMW to double deliveries of electrified vehicle by 2021 as compared to 2019

The BMW Group is accelerating the pace of e-mobility activities by further increasing their upfront expenditure for mobility of the future, the company announced in their Q2 2019 quarterly report.

The 25 electrified models initially announced for 2025 will now be available in 2023, two years earlier than originally planned. Over half of these 25 models will be fully electric. The basis for these models are flexible vehicle architectures for all-electric vehicles, plug-in hybrids and conventional combustion-engine models as well as a highly flexible production system that enables the company to respond swiftly to fluctuating market requirements.

By 2021, deliveries of electrified vehicles are predicted to double compared to 2019. The BMW Group then expects to see a steep growth curve up to 2025, with the volume of electrified vehicles delivered forecast to grow on average by more than 30% per year.

In Germany alone, BMW sold over 10,000 electrified vehicles in the first six months of 2019. That is around 60% more than in the same period last year. Sales of our fully electric BMW i3 surged 85% in the domestic market. Three of the five top-selling plug-in hybrids in Germany are from the BMW Group. In the first half of the year, i3 sales climbed 21% worldwide, even though it has been on the market since 2013.

By the end of 2019, the company plans to have more than half a million vehicles with either all-electric or plug-in hybrid drivetrains on the road. In two years' time, the BMW Group will be offering five all-electric series production vehicles. In addition to the BMW i3, production of the all-electric MINI will commence at the Oxford plant in November.

When the vehicle was presented in July, more than 40,000 customers expressed their keen interest in the MINI Electric. In 2020, production of the all-electric BMW iX3 will begin in Shenyang, China, followed in 2021 by the BMW iNext, which will be manufactured at the BMW Group's Dingolfing plant. In the same year, the BMW i4 will go into series production at the Munich plant.

“We are consistently expanding e-mobility with all-electric vehicles and plug-in hybrids and continuing to optimise our already economical combustion engines. Moreover, we are also investing in new technologies such as the fuel cell,” commented Harald Krüger, Chairman of the Board of Management of BMW AG.

Second-quarter research and development expenses of the BMW Group totalled € 1.4 billion ($1.55 billion), 5.9% more than the previous year. Investments in property, plant and equipment climbed 39.0% to € 1,176 million ($1.3 billion), mainly due to the ongoing new model initiative and the modernisation of plant structures, making them more flexible. The growing proportion of electrified vehicles is also contributing to higher production costs.