BMW Leads Q1 2024 Electric Vehicle Sales Surge

Amid a general slowdown in the electric vehicle market, BMW reports a significant increase in sales, contrasting with declines from competitors like Volkswagen and Tesla.

BMW's global electric vehicle sales rose by 28% in the first quarter of 2024, reaching a milestone of one million EVs sold since the launch of the BMW i3.
Volkswagen and Mercedes-Benz experienced declines in EV sales, with VW's sales dropping by 3% and Mercedes by 9% in the same period.
Despite a global dip in EV demand, BMW's sales outperformed competitors, with significant increases in all major regions.
Mercedes-Benz's U.S. EV sales decreased by 4.5%, marking a surprising shift after several quarters of growth.
BMW's market share of electric vehicles increased to 13.9%, while plug-in hybrid sales continued to decrease.