Is it the beginning of the end for combustion cars as BMW electric vehicle (EV) sales more than double again in Q1?

The BMW Group has announced it posted significant growth in its global sales of electric vehicles (EVs)) in the first quarter of 2023, with an increase of 83.2 per cent. Overall, the BMW Group delivered a total of 64,647 fully-electric BMW and MINI vehicles to customers in the first three months of the year. The BMW brand was able to more than double its sales of electric vehicles in the first quarter, with 55,979 units delivered to customers (+112.3%).

This shows the appetite for electric cars across the spectrum is continuing to grow and gaining significant pace as the world transitions to zero emissions motoring.

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Pieter Nota, member of the Board of Management of BMW AG, responsible for Customer, Brands, Sales, said: “Our strong product lineup continues to inspire our customers worldwide. Our fully-electric vehicles, in particular, are benefiting from high demand around the globe. We were therefore able to maintain the dynamic pace of our electromobility ramp-up in the first quarter. 

“The BMW Group is on track for slight sales growth in the full year 2023. The main growth drivers in 2023 will be fully-electric vehicles and models from the high-end premium segment – like the new BMW i7, the new BMW 7 Series, the BMW XM and the updated BMW X7.”

Dynamic growth in BEV share over coming years

With the rollout of the new BMW i5 this year, the BMW Group will offer at least one fully-electric model in every major segment of its business and anticipates a steep growth trajectory in the coming years.

By 2024, at least one in five of the company’s new vehicles should have a fully-electric drive train; by 2025, one in four newly delivered vehicles should be a BEV and by 2026, about one in three. The BMW Group believes that, as the NEUE KLASSE ramps up with its compelling product substance, it has the potential to further accelerate the market penetration of emobility.

The new BMW iX

Sales of fully-electric vehicles more than double

The BMW brand sold 517,957 units worldwide between January and March of 2023 (-0.4%). Customers are particularly enthusiastic about its fully-electric vehicles. In the year to the end of March, BMW deliveries were up 112.3 per cent to 55,979 units and the brand was able to double its sales of fully-electric vehicles once again, compared to the same period of last year. 

The BMW iX, BMW i7, BMW i4 and BMW iX3 were particularly in demand. The newly launched BMW X1 is also proving popular with customers. With the launch of the new BMW 5 Series and the fully-electric BMW i5 this year, the BMW brand will offer customers a wide range of products in the high-end model segment. The product lineup will be joined towards the end of the year by the fully-electric BMW iX2 and the first fully-electric 5 Series Touring.

Ian Osborne
Ian Osborne
Editor-in-Chief at ElectricDrives

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