BMW predicts a 50% increase in EV sales next year

BMW is looking to increase their sales in electric and hybrid vehicles next year by 50 percent to put themselves ahead of the competition. Other auto companies have been producing electric and hybrid vehicles for a long time so BMW is looking to catch up and win.
“We’ll definitely boost sales by a mid-double digit amount,” said Klaus Froehlich, BMW’s head of development. “This is to stay ahead of the competition that’s starting to do its own rollout” (Collin Woodward, Motor Trend)

It seems as if BMW is kind of stretching their goal. They plan spending $8.3 billion to produce a full line of electric and hybrid vehicles. They plan to offer 12 different types of EV's but are listing them at an enormous price of $100,000 or more. They expect to increase their profit at a high rate but Bloomberg notes it will be hard.

The most popular electric vehicle BMW produces is the i3. The i3 is a small boxy, hatch back with bright blue accents and a shiny over tone. According to motortrend, these cars have a 2.0/5.0 rating. This is because they have a range of 81 miles compared to other electric vehicles like the Tesla which gets about 400 miles. 
                                                                                                                   

Motor Trend Magazine: 
Woodard, Collin. "BMW Looks to Increase EV Sales by 50 Percent in the Next
     Year." Motor Trend Magazine, TEN The Enthusiast Network, 5 Dec. 2017,
     www.motortrend.com/auto-news/. Accessed 6 Dec. 2017.



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