BMW is confident to release 25 electric car models by year 2023

07/04/2019

Posted by: Oluwaseun Solomon

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From initially announcing the year 2025, BMW now targets to already have all of its first 25 electric car models on the road by 2023. See what makes them feel so confident!

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.”

>>> BWW should make up their mind already, right? BMW: Vehicle electrification is overhyped, diesel engines will still be around for 20 more years

BMW-Vision-M-Next-concept

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.

>>> Want latest automotive industry updates? Visit Naijauto News daily!

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Oluwaseun Solomon

Oluwaseun Solomon

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Oluwaseun Solomon is a prolific and diligent automobile writer at Naijauto.com. He's also an experienced digital marketer and a creative multimedia developer that specializes in video editing. He currently contributes informative and easy to read articles on topics covering transportation, traffic updates, auto industry updates, and different car reviews.
When Solomon is not writing, you will either find him composing music, editing videos or simply enjoying YouTube "TEDx Talk" videos with a chilled drink :)

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