BMW Says Its Combustion Engine Car Sales Have Peaked
BMW established a sales record in 2023 when it delivered 2,253,835 cars. It was an all-time high for the Bavarian brand, with the growth largely fueled by stronger demand for purely electric vehicles. EVs accounted for 15% of total shipments. In 2024, the German luxury marque expects zero-emission cars to represent 20% of volume, before increasing to 25% in 2025. By 2030, more than half of BMW’s annual sales will be EVs.
With that in mind, the following statement made by chief financial officer Walter Mertl might not come as a shock:
“The tipping point for the combustion engine is already there.” He believes sales of BMWs with gasoline/diesel engines peaked in 2023, adding the current sales level will continue before beginning to fall.
In other words, BMW reckons that the ICE’s best days are effectively behind it, suggesting it’s all downhill from here.
https://www.bmwblog.com/2024/01/15/b...-sales-peaked/
I reckon that BMW's best days are effectively behind it, suggesting it’s all downhill from here.
