BMW expects over 50% of new sales to be all-electric vehicles well ahead of its 2030 target and could envision a hydrogen-powered car going into production in the second half of the decade, the premium carmaker said on Wednesday.
Still, car makers across the board were optimistic about the growth of their battery-electric vehicle segment, with BMW predicting a fourth of new sales would be all-electric by 2025, rising to a third by 2026 - an ambitious leap from the 1-in-11 ratio seen last year.A BMW SUV moves down the assembly line at the BMW manufacturing plant in Greer, South Carolina, U.S., October 19, 2022.
Key to making that happen is an expansion of the hydrogen fuelling network, which was mainly in the hands of the heavy vehicle transport industry, development chief Frank Weber added in a press conference dedicated to the company's annual results. "We see hydrogen-electric vehicles as a meaningful complement to e-mobility, even with something of a time lag," Zipse said.
The BMW iX5 Hydrogen* test vehicle, with a range of 500 km and an ability to refuel in three to four minutes, was being tested in various countries, BMW said in a statement.released last week for 2022, including an 8.6% margin in the autos business on earnings before interest and tax of 10.6 billion euros and cash flow of 11.1 billion euros.
Reporting by Victoria Waldersee; Additional reporting by Danilo Masoni; editing by Paul Carrel, Bradley Perrett, Tomasz Janowski and Christina Fincher
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