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BMW more than doubles fully-electric vehicle sales in 2022

BMW said the proportion of fully electric cars in total sales was close to 10%
BMW said the proportion of fully electric cars in total sales was close to 10%

The BMW Group sold around 100,000 fewer cars in 2022 at 2.4 million vehicles, but more than doubled the proportion of fully-electric cars sold to reach almost 10% of total sales, a spokesperson said today.

The German automaker plans to raise the share of battery electric vehicles in total sales to 15% in 2023, the person added.

The core BMW brand sold 2.1 million vehicles last year, down from a record2.2 million in 2021, as Covid-19 lockdowns in China stymied supply and European inflation weighed on demand.

Still, BMW has so far offset the dip in sales volumes with higher prices, with third-quarter profits rising in 2022.

The carmaker will report full 2022 sales figures on January 10.