The BMW Group reviews 594,671 international automobile gross sales through the first quarter of 2024 (up 1.1% year-over-year). The small total development was accompanied by a wholesome enhance 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 items (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 12 months in the past.
BMW electrical automotive gross sales enhance
In 2023, the BMW Group offered greater than 376,000 all-electric automobiles, 74% greater than in 2022. This 12 months, the corporate intends to extend EV gross sales to over 500,000 and obtain a 20% EV share.
The German producer additionally celebrates the milestone of 1 million totally 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.
General, the BMW Group offered 122,616 rechargeable automobiles final quarter (up 11% year-over-year), which was 20.6% of the whole quantity (in comparison with 18.8% a 12 months earlier).
BMW Group international 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 offered over 566,000 plug-in automobiles, together with over 376,000 all-electric automobiles (up 74.4% year-over-year). EVs represented 14.7% of the whole quantity—virtually in step with the 15% goal.
BMW Group international plug-in automotive gross sales in Q1-This fall’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 enhance the EV share within the whole quantity to twenty%:
2024: BEVs share – at the least one in 5 (20%) and over 500,000 fully-electric automobiles 2025: BEVs share – at the least one in 4 (25%) 2026: BEVs share – at the least one in three (33%)
In keeping with earlier reviews, the group plans to have 18 all-electric fashions in the marketplace in 2024.
EV gross sales by model
Many of the BMW Group’s EV gross sales fall on the BMW model, which famous a strong 40.6% year-over-year enhance to 78,691 items. 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 items.
BEV gross sales in Q1 2024 (YOY change):
BMW: 78,691 (up 40.6%) Mini and Rolls-Royce: 4,009Mini Cooper SE and Rolls-Royce Spectre fashions
This 12 months, 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 fun its world premiere in April.