BMW To Shift 20% Of Its Car Line-Up To Electric By 2023
It’s no secret that the auto world is advancing to new heights. Electric vehicles have been introduced for quite sometime now, and more and more auto manufacturers are venturing into the world of electric vehicles.
Audi, Porsche, Mercedes-Benz, Polestar, Volvo and a few others have advanced into the world of Electric Vehicles. After looking at its European counterparts, Bavaria’s automotive giant is also planning to start the production of EVs.
According to a recent media report, BMW plans to have 20 percent of its entire vehicle line-up to be shifted to an all-electric powertrain. While speaking to a German media outlet, BMW’s CEO, Oliver Zipse, said, “We are significantly increasing the number of electric vehicles. Between 2021 and 2023, we will build a quarter of a million more electric cars than originally planned.”
BMW aims that every fifth car in its global line-up be converted into an EV within the next three years. It has reportedly realized the increase in demand of EVs as governments around the globe are providing very attractive incentives to EV buyers.
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BMW also plans to expand its charging infrastructure across all the major markets around the world. This will facilitate its expansion into EVs. Mr. Oliver Zipse said, “15,000 private and about 1,300 public charging points would have to be put into operation every week as of today. Unfortunately, we are a long way from that.”
BMW i3 and iX
Currently, BMW has only one car that has an all-electric powertrain. It’s called BMW i3. Other than this, this renowned automaker recently revealed an electric SUV prototype called the iX. The details about the powertrain or battery haven’t been revealed yet. BMW claims that the vehicle has the capacity to go up to 300 miles on just a single charge.
Obviously, the above-mentioned cars are not cheap. The starting price of i3 is over $44,000. The retail price of iX is predicted to be around $70,000.
Due to such high prices, the EVs by BMW may enter just a few international markets, and not all of them.