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BMW cautiously optimistic on 2023, EV targets ahead of schedule

BMW predicts over 50% of new sales to be all-electric vehicles ahead of its 2030 target, plans to keep prices stable, and envisions a hydrogen-powered car going into production in the second half of the decade.

March 16, 2023 . 9:07 AM

1 min read

BMW expects over 50% of new sales to be all-electric vehicles well ahead of its 2030 target.
It forecasts slightly higher deliveries and an 8-10% margin for the year.
The carmaker plans to keep prices stable and sees hydrogen-powered cars as a complement to e-mobility.
BMW is testing a BMW iX5 Hydrogen* test vehicle, which can refuel in three to four minutes.
Auto industry remains cautious about supply chain problems, high inflation, and uncertainty over China's post-pandemic economic recovery.