BMW Group Electric Car Sales Increased By 28% In Q1 2024

The BMW Group experiences 594,671 world automobile gross sales throughout the first quarter of 2024 (up 1.1% year-over-year). The small total progress was accompanied by a wholesome improve in all-electric automotive gross sales.

In Q1, BMW Group’s (BMW, Mini and Rolls-Royce) battery electrical automobile (EV) gross sales amounted to 82,700 models (up 28% year-over-year). The share of EVs out of the group’s whole quantity elevated to 13.9%, in comparison with 11% a yr in the past.

The German producer additionally celebrates the milestone of 1 million absolutely electrical autos on the roads (because the market launch of the BMW i3 over a decade in the past).

In the meantime, plug-in hybrid automotive gross sales continued to lower with solely 39,916 gross sales in Q1 (down 13% year-over-year) and a 6.7% share.

Total, the BMW Group bought 122,616 rechargeable automobiles final quarter (up 11% year-over-year), which was 20.6% of the overall quantity (in comparison with 18.8% a yr earlier).

BMW Group world plug-in automotive gross sales in Q1’2024 (YOY change):

• BEVs: 82,700 (up 28%) and 13.9% market share
• PHEVs: 39,916 (down 13%) and 6.7% market share
• Whole: 122,616 (up 11%) and 20.6% market share

BEV gross sales speed up:

PHEV gross sales have been on a downward pattern for just a few years now:

For reference, in 2023, the BMW Group sold over 566,000 plug-in cars, including over 376,000 all-electric cars (up 74.4% year-over-year). EVs represented 14.7% of the overall quantity—virtually consistent with the 15% goal.

BMW Group world plug-in automotive gross sales in Q1-This autumn’2023 (YOY change):

• BEVs: 376,183 (up 74%) and 14.7% market share
• PHEVs: 190,303 (down 13%) and seven.4% market share
• Whole: 566,486 (up 31%) and 22.2% market share

In 2024, the goal is to promote over 500,000 EVs and improve the EV share within the whole quantity to twenty%:

• 2024: BEVs share – a minimum of one in 5 (20%) and over 500,000 fully-electric automobiles
• 2025: BEVs share – a minimum of one in 4 (25%)
• 2026: BEVs share – a minimum of one in three (33%)

In response to earlier experiences, the group plans to have 18 all-electric fashions in the marketplace in 2024.

EV gross sales by model

A lot of the BMW Group’s EV gross sales fall on the BMW model, which famous a stable 40.6% year-over-year improve to 78,691 models. Sadly, the official report doesn’t embrace EV gross sales numbers for the Mini and Rolls-Royce manufacturers. Collectively the 2 manufacturers famous over 4,000 models.

BEV gross sales in Q1 2024 (YOY change):

• BMW: 78,691 (up 40.6%)
• Mini and Rolls-Royce: 4,009
  Mini Cooper SE and Rolls-Royce Spectre fashions
  

This yr, the corporate will launch the brand new Mini Countryman (EV and ICE), plus the next-generation Mini Cooper (EV and ICE). The EV-only Mini Aceman—a compact five-seater crossover—will have a good time its world premiere in April.