BMW reaches major EV sales milestone, despite cooling market

AutoExec Summary
BMW has reached one million electric vehicle sales and is experiencing growing demand for its battery-powered models. In the first quarter of the year, the BMW Group’s global EV sales increased by 27.9 per cent, accounting for 13.9 per cent of total vehicle sales. The i4, iX3, iX1, iX, and i7 EVs were particularly popular. BMW’s EV sales are expected to reach 20 per cent of its total sales by 2024. Mercedes-Benz and Tesla both reported a decrease in EV sales during the same period. BMW has not set a timeline to go all-electric globally.

Brands mentioned: BMW, Mini, Rolls-Royce, Mercedes-Benz, Tesla