Naijauto praises the strong and innovative minds working for the German automaker BMW as they recently announced new plans of speeding up their initial plan to have a fully electrified model range on the market by 2025. In the new announcement, BMW now claims that its new target is to have all of the 25 electrified auto models on the road by the end of 2023.
In a recent statement, BMW AG’s chairman, Board of Management, Harald Krüger said;
“By 2021, we will have doubled our sales of electrified vehicles compared with 2019,”
“We will offer 25 electrified vehicles already in 2023—two years earlier than originally planned. We expect to see a steep growth curve towards 2025: Sales of our electrified vehicles should increase by an average of 30 percent every year.”
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BMW currently offers great Plug-in Hybrid vehicle models but it now targets full electrics by 2023
Many might count this BMW’s move to be risky but it even gets riskier as the automaker also stated that it would exclude any form of rare earth magnets completely from its electric motors’ setup. However, this might also be considered a very precautionary move because China is the world’s largest rare earth minerals supplier and they happen to have been facing recent tariff issues.