Mexican Media Brands
BMW: EV Margins Will Match Those of Piston Cars by 2025
BMW AG tells the Financial Times that its profit margins on the sale of electric vehicles should equal those of the company’s current piston-powered models by 2025.
#hybrid #economics
Share
BMW AG tells the Financial Times that its profit margins on the sale of electric vehicles should equal those of the company’s current piston-powered models by 2025.
Chief Financial Officer Nicolas Peter says parity could come sooner, depending upon public acceptance of EVs. Earlier this week BMW announced it will introduce 25 hybrid or all-electric vehicles by 2023, two years sooner than originally planned.
The company predicts overall demand for EVs will grow 30% per year over the next five years. Several carmakers have estimated that EV prices will drop to equal those of comparable conventional vehicles by about 2025.
RELATED CONTENT
-
What the VW ID. BUGGY Indicates
Volkswagen will be presenting a concept, the ID. BUGGY, a contemporary take on a dune buggy, based on the MEB electric platform that the company will be using for a wide array of production vehicles, at the International Geneva Motor Show.
-
Rivian Gets Even More Money, Now From Ford
The electrification of automotive is serious business. This week it was announced that Ford is making a $500-million equity investment in Rivian.
-
2019 Honda Insight
One of the things that rarely gets the amount of attention that it should in a typical “car review” is the fact that for a considerable amount of time drivers are not “getting on the throttle” because for a considerable number of drivers, they’re “dwelling on the binders,” a.k.a., sitting with their foot depressed on the brakes, perhaps lifting every now and then in order to nudge forward in traffic.