BMW Group electric vehicles and Plug-in Hybrid sales up by 13.9% in Q1 2020

BMW Group sales for the first quarter of 2020 experienced a 20% decrease. Even though the sales for BMW, MINI and Rolls-Royce brands declined, the sales of plug-in hybrid vehicles and electric vehicles increased by 13.9% compared to the same time frame of the previous year. That’s equivalent to 30,692 sales of plug-in electric cars sold. “This means we are also on track to meet the EU’s CO2 targets. We do not see any necessity to defer climate protection goals”, said Pieter Nota.

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BMW indeed has a very powerful fleet of electric vehicles from the recently launched X1 xDrive25e and X2 xDrive25e, to the 225xe Active Tourer, the 330e, the 530e, the 745e/745Le, the X3 xDrive30e, and the X5 xDrive45e. There’s also a new BMW 545e coming up. The MINI brand offers its own line of plug-in hybrids.

On a group perspective, BMW aims to sell 25 percent electric powertrain vehicles in Europe by 2021, 33 percent by 2025 and 50 percent by 2030.

Up to the end of 2023, BMW plans to add no less than 25 different electric and plug-in hybrid models in its portfolio. By the end of 2021, BMW aims to sell more than 1,000,000 electrified cars worldwide.

Due to the current economic situation affecting all automakers and different businesses, there’s no telling if the sales growth of electrified vehicles will continue this year. Most of BMW’s factories are already in a hold situation as a precaution against the COVID-19 pandemic