BMW aims to electrify 20 per cent of entire fleet by 2023

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BMW aims to electrify 20 per cent of entire fleet by 2023

Bayerische Motoren Werke AG or BMW, the Munich-based German multinational manufacturer of luxury vehicles had been brewing off an option to ramp up its production lines of e-vehicles in a bid to electrify 20 per cent of its entire fleet over next three years, the company Chief Executive Oliver Zipse said to an interview with German daily newspaper Augsburger Allgemeine on Sunday.

Aside from that, Zipse was quoted saying in the interview with the German daily that the 104-year old carmaker which had been initially founded to manufacture aircraft engines amid World War I, was looking to step up the sales of its electric cars, while the German luxury carmaker was expecting a fifth or 20 per cent of its sold vehicle to be powered by an electric engine by 2023, up from a current figure of 8 per cent.

BMW urges to speed up the expansion of charging infrastructure

On top of that, in latest vindication of the German carmaker’s strong intent to shore up its electric vehicle production lines, Zipse had also reiterated his urge to accelerate an expansion of charging infrastructure in light of an apparent hike in a blistering competition for market shares in the e-vehicle industry.

Notably, Elon Musk’s Tesla Inc., the world’s largest electric carmaker by far, began to construct a China-style Gigafactory earlier this year in a bid to avert a likely EU-US tariff disputes over imported cars.

More importantly, Tesla, the most dominant force in e-vehicle market and the world’s most valuable carmaker, miles ahead of Japan’s Toyota, had completed its China Gigafactory in less than nine months back in the 2019s, signalling a spurring up of heat in the European e-vehicle market amid presence of a number of German automotive leaders likes of Volkswagen, Mercedes-Benz, Porsche and Audi, all of which were making quick progress in developing full-electric and hybrid vehicles.

Meanwhile, citing a through and through optimism over BMW’s e-vehicle production line, Zipse said in the interview with the German newspaper, Augsburger Allgemeine, due to be released on Monday, “We are significantly increasing the number of electric vehicles.

Between 2021 and 2023, we will build a quarter of a million more electric cars than originally planned. 15,000 private and about 1,300 public charging points would have to be put into operation every week as of today. Unfortunately, we are a long way from that.