BMW Declares Shift from Combustion Engines to EVs as Main Growth Driver

After nearly doubling EV sales last year, the automaker plans to increase its all-electric sales share to 33% by 2026.

BMW has declared that the 'tipping point' for combustion engines has been passed, with most of its sales growth now coming from electric vehicles (EVs).
Last year, BMW nearly doubled its EV sales with over 375,000 electric models sold, accounting for 15% of total sales.
BMW's CFO, Walter Mertl, expects the current sales plateau of combustion cars to continue and then slightly fall due to looming environmental regulations.
BMW plans to raise its all-electric sales share to 33% by 2026 with the rollout of six new models in its 'Neue Klasse' EV-only line.
Despite the higher costs of introducing new battery technologies, BMW's margins for combustion engine and all-electric cars are expected to reach parity by at least 2026.