• This is a political forum that is non-biased/non-partisan and treats every person's position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!

BMW expects at least half of sales to be electric cars by 2030

Rogue Valley

Lead or get out of the way
DP Veteran
Joined
Apr 18, 2013
Messages
93,610
Reaction score
81,671
Location
Barsoom
Gender
Male
Political Leaning
Independent
BMW expects at least half of sales to be electric cars by 2030

2020-08-05T062400Z_1_LYNXNPEG740D5_RTROPTP_2_AUTOSHOW-BANGKOK2.jpg

3/17/21
(Reuters) - BMW expects at least half of its sales to be zero emission vehicles by 2030, setting a more conservative target than some rivals in the race to embrace cleaner driving. In the short term, the German carmaker forecast on Wednesday a big rise in pretax profit for this year, with a strong performance in all areas - from MINIS through its upmarket BMW brand to top-of-the-range Rolls-Royces. Its shares rose as much as 4.9% to a 2-1/2 year high of 84.42 euros, buoyed by its forecast for a strong recovery from a pandemic-hit 2020. Bernstein analyst Arndt Ellinghorst said BMW had entered 2021 "very confidently." "In terms of electromobility, BMW is making good progress and is taking significantly fewer risks than VW," he said. Volkswagen has said it expects 70% of European sales at its core VW brand to be electric by 2030 and this week unveiled ambitious plans to expand in electric driving - including building half a dozen battery cell plants in Europe - sending its shares sharply higher. BMW said around 90% of its market categories would have fully-electric models available by 2023 and the electric BMW i4 would be launched three months ahead of schedule this year. The carmaker said its MINI brand would be fully electric "by the early 2030s" and electric models would account for at least 50% of group deliveries by 2030.

When asked if BMW could set a date for ending sales of internal combustion engines, as some rivals have, Chief Technology Officer Frank Weber said: "it's not us who decides on the end of the internal combustion engine, but it's the markets." In an industry chasing electric carmaker Tesla and facing tightening CO2 emissions standards in Europe and China, some automakers have promised a faster shift in technology, despite the huge costs and manufacturing changes involved. Sweden's Volvo said this month its lineup would be fully electric by 2030, and Ford said in February its lineup in Europe would be too. Sales of electric and plug-in hybrid cars in the European Union almost trebled to over 1 million vehicles in 2020 and accounted for more than 10% of overall sales, taking zero-emission models from niche products into the mainstream. Chief Executive Oliver Zipse told a news conference that BMW could accelerate its plans if consumers embraced electric models more quickly than expected. "Should demand in certain markets shift completely to fully electric vehicles in the coming years - we can deliver," he said.


Reading the proverbial writing on the wall, auto makers are positioning themselves to quickly transition to mostly electric vehicles sooner rather than later.

I tend to think this changeover will occur in Europe and SE Asia first, with the United States finally embracing the inevitable.
 
BMW expects at least half of sales to be electric cars by 2030

2020-08-05T062400Z_1_LYNXNPEG740D5_RTROPTP_2_AUTOSHOW-BANGKOK2.jpg




Reading the proverbial writing on the wall, auto makers are positioning themselves to quickly transition to mostly electric vehicles sooner rather than later.

I tend to think this changeover will occur in Europe and SE Asia first, with the United States finally embracing the inevitable.

The cost of batteries will be the determining factor in this.

I read an article saying that within 15 years, EV's will be cheaper than ICE powered cars to purchase and, obviously, cheaper to operate as no gas needs to be purchased to make them move.

If the technocrats and and Green Power Brokers just STFU and get out of the way, this will occur organically and cost nothing outside of the purchase price of the cars paid by the consumers.

I'm pretty sure, though, that billions, maybe trillions, will be appropriated for theft by our elected officials.
 
Back
Top Bottom