The German automaker’s electric vehicles are made on the same assembly line as gasoline cars and look similar from the outside.
The company sold 376,000 electric vehicles last year, including some under its Mini brand, a 75 percent increase from the previous year.
Electric vehicles accounted for 15 percent of BMW sales in 2023, up from 9 percent the previous year.
The company’s growth comes as sales of electric vehicles have risen at a slower pace overall around the world.
What is even more surprising is that BMW, unlike General Motors or Ford Motor, made a profit on the electric vehicles it sold.
Organizations:
BMW, Tesla, General Motors, Ford
Locations:
Munich