MUNICH, Germany—BMW A.G. has moved up the timetable for a previously announced electrification plan by two years, according to company officials at the car maker's #NEXTGen 2019 gathering in Munich, who said BMW will have 25 electrified vehicles on the market by 2023 instead of 2025.
Starting with the 2020-model iX3, BMW will launch an onslaught of electric and plug-in hybrid cars, crossovers and motorcycles unprecedented in company history.
The list of coming EVs and PHEVs will include 12 hybrids and 13 pure battery electric cars, the company announced at its #NEXTGen 2019 technopalooza press event in Munich recently. Exactly how many of those will make it to the U.S. market was not part of the announcement.
"We are moving up a gear in the transformation toward sustainable mobility, thereby making our company fit for the future," said Harald Krueger, chairman of the board of management of BMW.
"Over the past two years, we have consistently taken numerous decisions that we are now bringing to the roads. By 2021, we will have doubled our sales of electrified vehicles compared with 2019. We will offer 25 electrified vehicles already in 2023—two years earlier than originally planned. We expect to see a steep growth curve towards 2025: Sales of our electrified vehicles should increase by an average of 30 percent every year."