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BMW

BMW Group continues on BEV development path: Milestone of 1 million fully-electric automobiles reached

April 11, 2024 Prafful Singh

Munich. The BMW Group will proceed its constant ramp up of electromobility in 2024 with enticing product choices, regardless of a unstable market surroundings. The firm delivered a complete of 82,700 fully-electric BMW, MINI and Rolls-Royce automobiles to prospects worldwide within the first three months of the 12 months. This represents year-on-year BEV development of over 27.9% for the BMW Group. The improve in gross sales of fully-electric automobiles benefitted from a balanced efficiency throughout all main areas of the world.

“The BMW Group is continuing on its BEV growth path. With the delivery of its one-millionth fully-electric vehicle since the market launch of the BMW i3, we have reached an important milestone that confirms the attractiveness of our product portfolio,” stated Jochen Goller, member of the Board of Management of BMW AG liable for Customer, Brands, Sales. Alongside fully-electric fashions, automobiles with highly-efficient combustion engines and plug-in hybrid know-how stay vital parts of BMW Group’s drive practice portfolio. “By providing a choice of drive train technologies and thanks to our high level of flexibility, the BMW Group is well-positioned to meet changing customer requirements. This strategy is now proving particularly effective in a dynamic market environment,” continued Jochen Goller.

The BMW Group delivered 594,671 automobiles to prospects within the first quarter of this 12 months (+1.1%). The firm achieved sturdy development in Europe, particularly, within the first three months. With 227,784 BMW and MINI automobiles delivered to prospects there, the BMW Group reported a rise of +5.5% over the identical interval of 2023. In addition to vital BEV development, the BMW Group additionally recorded a big year-on-year improve in gross sales of fashions within the high-end premium section, within the first quarter (+21,6%). Most notably, the BMW 7 Series noticed double-digit development worldwide within the interval from January to March, in comparison with the earlier 12 months.

The BMW Group anticipates a slight improve in deliveries within the Automotive Segment in 2024. Fully-electric automobiles and fashions from the high-end premium section can be among the many foremost development drivers in 2024. In each of those segments, the BMW Group expects to see vital double-digit development this 12 months.

Strong BEV development for BMW model

In the primary quarter of 2024, the BMW model bought 531,039 items worldwide – a rise of +2.5%, in comparison with the identical interval of final 12 months. The model reported significantly sturdy development in BEVs. Between January and March, 78,691 fully-electric BMW automobiles had been delivered to prospects worldwide – a rise of +40.6% in comparison with the prior 12 months.

Among the model’s fully-electric automobiles, the BMW i4, BMW iX3*, BMW iX1, BMW iX and BMW i7 had been significantly in demand. The BMW Group can be receiving constructive buyer suggestions on the brand new BMW iX2, which was launched onto the market in March. The newly launched BMW 5 Series, with 4 drive practice variants, together with the fully-electric BMW i5, are proving particularly standard.

Customer demand for emotional BMW M merchandise nonetheless excessive

BMW M as soon as once more elevated its gross sales from the all-time excessive posted within the first quarter of final 12 months and continued its development story within the YTD March 2024. With a complete of 48,110 automobiles bought, gross sales had been up +3,6% on the identical interval of the earlier 12 months. This sturdy quarterly end result was largely pushed by the persevering with recognition of the high-performance fashions BMW M2*, M3 Sedan, M3 Touring* and the BMW XM, in addition to the newly launched Performance derivatives BMW X1 M35i*, M760e*, i7 M70* and i5 M60*.

BMW M GmbH is due to this fact trying ahead with confidence to the remainder of 2024 and plans to additional broaden its vary of electrified automobiles, because it continues to strengthen its main place within the high-performance section and efficiency electromobility.

Preparations for New MINI Family proceed at full steam

In the primary three months of 2024, 62,107 prospects selected to purchase a MINI. The United Kingdom, Spain, Portugal, China, South Africa, South Korea and Latin America had been among the many international locations reporting gross sales development. Preparations for the market introduction of the New MINI Family proceed at full steam. Late February noticed the launch of the brand new MINI Countryman*, which is produced in Leipzig and can be accessible with an inside combustion engine and as an electrical mannequin. In the approaching months, the MINI Cooper can be launched onto the market as a fully-electric mannequin and likewise with a combustion engine. Another crossover mannequin, the brand new MINI Aceman*, will have a good time its world premiere in April 2024.

Demand for Rolls-Royce motor vehicles stays strong all over the world

In line with the marque’s plans, 1,525 (-7,0%) Rolls-Royce motor vehicles had been delivered to shoppers globally within the first quarter. The first three months of the 12 months noticed a lot of spectacular and elaborate Bespoke creations, in addition to supply of Arcadia*, the third coachbuilt Rolls-Royce Droptail.

BMW Motorrad reviews greatest month ever in March

Thanks to persevering with excessive demand, BMW Motorrad was in a position to ship 46,434 bikes and scooters to prospects within the first quarter of 2024. Although this places BMW Motorrad 3,1% under its all-time excessive for the primary quarter of final 12 months, with greater than 24,000 items bought within the month of March, it recorded the very best new month-to-month gross sales within the model’s historical past. Building on this momentum, BMW Motorrad is stuffed with confidence for the approaching months, with the upcoming market launches of additional enticing fashions. The model’s highly effective line-up, with profitable merchandise that form their segments, paired with the market introduction of standard new fashions, such because the spectacular new F 900 GS, is profitable over prospects worldwide.

BMW & MINI gross sales within the areas/markets

In the US, a complete of 90,844 BMW and MINI automobiles had been delivered to prospects between January and March 2024. This represents a rise of +1.2%.

In Europe, gross sales of BMW and MINI totalled 227,784 items for the primary quarter of 2024 and a rise of +5.5%.

In Germany, 61,976 BMW and MINI automobiles had been delivered throughout this era. This represents a rise of +7.6%.

In China, the BMW Group bought 187,452 BMW and MINI automobiles within the first three months of this 12 months (-3.8%).

BMW Group gross sales in Q1/YTD March 2024 at a look

	1st quarter 2024	Compared with earlier 12 months %	YTD March 2024	Compared with earlier 12 months %
BMW Group Automotive	594,671	+1.1%	594,671	+1.1%
BMW	531,039	+2.5%	531,039	+2.5%
– BMW M GmbH	48,110	+3.6%	48,110	+3.6%
MINI	62,107	-9.4%	62,107	-9.4%
BMW Group electrified¹	122,616	+11.0%	122,616	+11.0%
BMW Group BEV	82,700	+27.9%	82,700	+27.9%
Rolls-Royce	1,525	-7.0%	1,525	-7.0%
BMW Motorrad	46,434	-3.1%	46,434	-3.1%

¹BEVs and PHEVs

	1st quarter 2024	Compared with earlier 12 months %	YTD March 2024	Compared with earlier 12 months %
Europe	227,784	+5.5%	227,784	+5.5%
Germany²	61,976	+7.6%	61,976	+7.6%
Asia	244,026	-2.8%	244,026	-2.8%
China	187,452	-3.8%	187,452	-3.8%
Americas	108,484	+1.0%	108,484	+1.0%
USA	90,844	+1.2%	90,844	+1.2%

²Provisional registration figures

The supply figures reported on this press launch are provisional and will change up till the BMW Group Report 2024 is printed. Notes on how supply figures are ready may be discovered within the BMW Group Report 2023 on p. 330.

BMW Group Corporate Communications

Dr Sina Unger, Communications Sales

Telephone: +49 89 382-47564

Email: sina.unger@bmwgroup.com

Carolin Bachmann, Communications Sales

Telephone: +49 89 382-38801

Email: carolin.bachmann@bmwgroup.com

Eckhard Wannieck, head of Communications BMW Group, Finance, Sales

Telephone: +49 89 382-24544

Email: eckhard.wannieck@bmwgroup.com

Media web site: www.press.bmwgroup.com/deutschland

Email: presse@bmwgroup.com

Die BMW Group

Die BMW Group ist mit ihren Marken BMW, MINI, Rolls-Royce und BMW Motorrad der weltweit führende Premium-Hersteller von Automobilen und Motorrädern und Anbieter von Premium-Finanz- und Mobilitätsdienstleistungen. Das BMW Group Produktionsnetzwerk umfasst über 30 Produktionsstandorte weltweit; das Unternehmen verfügt über ein globales Vertriebsnetzwerk mit Vertretungen in über 140 Ländern.

Im Jahr 2023 erzielte die BMW Group einen weltweiten Absatz von über 2,55 Mio. Automobilen und über 209.000 Motorrädern. Das Ergebnis vor Steuern im Geschäftsjahr 2023 perception sich auf 17,1 Mrd. €, der Umsatz auf 155,5 Mrd. €. Zum 31. Dezember 2023 beschäftigte das Unternehmen weltweit 154.950 Mitarbeiterinnen und Mitarbeiter.

Seit jeher sind langfristiges Denken und verantwortungsvolles Handeln die Grundlage des wirtschaftlichen Erfolges der BMW Group. Das Unternehmen hat frühzeitig die Weichen für die Zukunft gestellt und rückt Nachhaltigkeit und Ressourcenschonung konsequent ins Zentrum seiner Ausrichtung, von der Lieferkette über die Produktion bis zum Ende der Nutzungsphase aller Produkte.

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BMW iX3: Energy consumption mixed: 18,5 kWh/100 km (WLTP); CO2-emissions mixed: 0 g/km (WLTP); CO2-Class: A

BMW M2: Energy consumption mixed: 9,8-9,6 l/100 km; CO2-emissions mixed: 222-218 g/km; CO2-Class: G

BMW M3 Touring: Energy consumption mixed: 10,4-10,1 l/100 km; CO2-emissions mixed: 235-229 g/km; CO2-Class: G

BMW X1 M35i xDrive: Energy consumption mixed: 8,2-7,9 l/100 km; CO2-emissions mixed: 186–175 g/km; CO2-Class: F

BMW M760e xDrive Limousine: Energy consumption mixed: 1,4-1,1 l/100 km; CO2-emissions mixed: 0 g/km; CO2-Class: G

BMW i7 M70: Energy consumption mixed: 23,7 kWh/20,8 km (WLTP); CO2-emissions mixed: 0 g/km (WLTP); CO2-Class: A

BMW i5 M60: Energy consumption mixed: 20,5 kWh/18,2 km (WLTP); CO2-emissions mixed: 0 g/km (WLTP); CO2-Class: A

News

10 Things PHEV Owners Can’t Keep Quiet About

November 16, 2023 David

Plug-in hybrid cars are very quickly overcoming their mundane and odd reputation as electromobility gains traction across the world. Newer examples from various manufacturers, such as Ford, GM, German and Japanese brands, have much more to offer road users as they incorporate better electric systems, bigger and more reliable batteries, and more efficient and powerful ICE systems. Manufacturers are also heavily investing in improving transmissions, aerodynamics, and safety systems to make PHEVs a more viable choice for daily usage.

Consequently, the few consumers who choose a PHEV often enthusiastically praise their vehicles, frequently highlighting numerous benefits to make ICE and fully electric car owners envious of their purchase. PHEVs are not as abundant as EVs in the new car market, but there are some very impressive options to consider, that shine in offering the best of both worlds. These bonuses are only likely to increase as manufacturers become more invested in electric technology and downsizing.

In order to give you the most up-to-date and accurate information possible, the data used to compile this article was sourced from various manufacturer websites and other authoritative sources, including the IRS, the Department of Energy, and Business Insider.

10 Amazing Fuel Efficiency

PHEVs Drastically Lower Fuel Consumption

2024 Hyundai Tucson Plug-In Hybrid side righe exterior shot — Hyundai

Plug-in hybrids offer amazing fuel efficiency returns, because they feature the best of both powertrain options. The gasoline-electric combination includes an electric motor that uses stored electrical energy from the battery to move the car for a short distance, allowing for limited zero-emission driving. Once this charge has depleted or if the driver asks for more performance from the vehicle by switching drive modes or simply stepping hard on the accelerator pedal, the internal combustion engine (ICE) comes in to assist. While the ICE is on during normal hybrid driving, it dedicates some energy to recharging the battery. Real-world practices suggest that you can save around $1,500 on fuel annually, by driving a PHEV.

Most Efficient PHEVs

Model	Combined MPGe
Toyota Prius Prime SE	127 MPGe
Ford Escape PHEV	106 MPGe
Kia Niro PHEV	105 MPGe
Toyota RAV4 Prime SE AWD	96 MPGe
Lexus NX 450h+ F Sport AWD	85 MPGe

PHEVs can operate solely on electric power to eliminate fuel consumption for a short part of the drive with some clever planning. They also feature regenerative braking, which recaptures energy typically lost in conventional ICE vehicles during braking. This system redirects the kinetic energy back to the battery as bonus energy. The combination of electric and gasoline power improves fuel efficiency and cuts down overall carbon emissions. This is one of the prime reasons why PHEVs are an environmentally and economically savvy choice for drivers wanting to lower their carbon footprint.

9 The Best Environmental Benefits

Smaller Engines And Batteries Are Better For The Environment

2023 Lexus RX 450 Hybrid Plug-In front 3/4 exterior shot — Lexus

Plug-in hybrids offer the best fuel efficiency figures because of their heavier reliance on a battery electric system. Naturally, they are not as energy efficient as a conventional fully electric car, but they are the most frugal ICE cars money can buy. A low reliance on an internal combustion engine significantly reduces emission frequency. Recharging the small battery exclusively with renewable energy further enhances environmental benefits. In contrast, conventional hybrids almost exclusively rely on the ICE for charging, with only a small portion of power coming from the regenerative braking system.

A big part of why PHEVs are better for the environment is the sourcing and production of battery components. Modern lithium-ion batteries benefit from much better production practices, but some environmental concerns remain. Lithium, cobalt, and nickel mining is a labor-intensive practice that is environmentally damaging, leading to habitat destruction, soil and water pollution, and significant carbon emissions. PHEVs use significantly smaller battery packs compared to EVs, thus offering lower emissions over an entire production pipeline.

8 Attractive Tax Rebates And Incentives

Buyers Benefit From Amazing Rebates

American PHEV owners benefit from various tax rebates and incentives that are put in place to encourage eco-friendly mobility. The federal government offers tax credits ranging from $2,500 to $7,500 for new PHEV purchases. The amount primarily depends on the battery capacity, but many states offer unique incentives, rebates, tax credits, and reduced vehicle registration fees .

Appealing Rebates And Incentives On Offer

PHEV buyers in the USA can receive a federal tax credit of $2,500 to $7,500, based on battery size.
Many states offer additional incentives like rebates, tax credits, and reduced vehicle registration fees.
Some states grant PHEV drivers access to carpool lanes, irrespective of passenger count.
Certain areas offer rebates or incentives for installing home charging stations.
Some electric utilities provide discounted rates for electric vehicle charging.
Local governments may offer additional benefits like free parking and reduced tolls for PHEV owners.

You can also enjoy non-monetary incentives like access to specific carpool lanes and preferential EV parking in certain areas. These benefits are different, depending on the state, but they all reflect differing local priorities and policies towards green transportation. Energy utility companies in some areas also offer reduced rates for electric vehicle charging. These incentives are a big reason why so many road users are shifting to PHEV ownership, because they make eco-friendly cars more accessible and attractive to consumers, while promoting a shift towards more sustainable transportation options.

7 Home Charging Abilities

PHEVs Offer Great Charging Convenience

PHEVs offer added convenience with their simple home charging characteristics, allowing you to recharge the compact battery using a standard household plug point. A Level One AC charger allows PHEVs to charge overnight using a regular 120-volt outlet, the same type used for common household appliances. This convenient method does away with the need for specialized charging infrastructure, improving the level of accessibility for most homeowners, when compared to conventional EVs with huge and demanding battery packs.

Most modern PHEVs accommodate Level Two charging through a 240-volt AC outlet, similar to those used for heavier appliances like air conditioners, washers, and dryers. This is better suited for daily use, because it essentially halves the required time to fill up the battery. Overnight home charging also means you can start the day with a full battery, and maximize the electric system’s range to further reduce reliance on the ICE. In rare cases, PHEVs benefit from superfast Level Three direct current charging , which can replenish the battery in a matter of minutes.

6 Better Performance Capabilities

The Combination Of ICE And Electrification Has Its Benefits

White 2023 Mitsubishi Outlander PHEV — Mitsubishi

Plug-in hybrid cars benefit from better performance abilities compared to conventional ICE and EV cars, because they combine the best of both worlds. The electric motor generates instant torque for faster acceleration and more responsive power delivery compared to most conventional ICEs. These electric motors also pick up the slack for the split second when an engine loses power in-between gears. This results in a smoother and more streamlined driving experience.

Fastest Accelerating PHEVs

Model	0-60 MPH
Ferrari SF90	2.0 seconds
Porsche 918 Spyder	2.4 seconds
Porsche Panamera Turbo S E-Hybrid Sport Turismo	2.8 seconds
Polestar 1	3.8 seconds
BMW i8 Coupe	3.8 seconds

Two power sources allow for multiple powertrain configurations suited to different driving conditions. PHEVs often weigh more than their pure ICE counterparts because they carry the added BEV system, but their better balance due to battery placement generally improves vehicle stability and handling. Regenerative braking also elevates the driving experience by offering immediate braking responsiveness. This system also recuperates more energy under heavy braking events, making it an ideal feature for spirited driving.

5 Lower Maintenance Costs

PHEVs Cost Less In The Long Run

2024 Alfa Romeo Tonale PHEV — Alfa Romeo

You might believe that PHEVs cost more to maintain because they use two separate powertrains, but the reality is the opposite. Plug-in hybrid cars have lower maintenance and running costs because the systems constantly support one another, thus reducing the continual load. Electric motors have fewer moving parts, so if you use this component more frequently than the ICE on shorter commutes, you’ll likely only have to conduct annual routine servicing on the ICE. This generally leads to far fewer mechanical issues.

The Benefits Of Maintaining A PHEV

PHEVs have fewer moving parts in the electric motor, reducing wear and tear compared to traditional engines.
The reduced reliance on the internal combustion engine means fewer oil changes are necessary.
Regenerative braking decreases brake wear, leading to less frequent and less costly brake maintenance.
The ability to drive on electric power lowers the frequency and cost of refueling.
PHEVs typically have less strain on their emissions systems, resulting in lower maintenance costs.
The electric motor’s support reduces the overall workload on the gasoline engine, potentially extending its lifespan.

The smaller battery and electrical system also means that you won’t have to fork out an arm and a leg when the time comes to replace the battery in eight to 10 years. Battery technology remains very expensive with some manufacturers charging in the region of $30,000 for a new pack before labor costs. In time, and with the advent of solid-state battery technology, this will change, but manufacturers confirm that they are still years away from developing a usable example.

4 Low NVH Levels And Silent Driving Characteristics

Partial Electrification Translates To A Quieter Drivetrain

Audi A7 Sportback 55 TFSI PHEV front 3/4 exterior shot — Audi

PHEVs generally have lower noise, vibration, and harshness (NVH) levels and silent driving characteristics, because of their electrified drivetrain configuration. Overall, there are more moving parts, but they have all been designed to be quieter and smoother. Naturally, things are almost silent when the PHEV system exclusively relies on the electric motor. In doing so, you enjoy reduced engine noise, resulting in a quieter and more serene driving experience, especially at lower speeds and during city driving conditions.

PHEVs generally use downsized engines that prioritize fuel efficiency over performance. They inherently run at lower RPMs with the support of the electric motor, drastically reducing the vibration levels. Hybrid cars are also designed to be more aerodynamic for the sake of saving fuel, but a sleek exterior design also cuts the wind noise level, resulting in a quieter ride at speeds.

3 More Generous Range Returns

Having The Support Of An ICE Takes You Farther

2023 Ford Escape Plug-In Hybrid in Vapor Blue front 3/4 shot — Ford

PHEVs cover longer distances on a single tank and charge because they have a dual powertrain system that combines electricity and gasoline. PHEVs cover short trips while using the electric motor and stored electrical energy to significantly reduce fuel use. The ICE takes over when the battery runs out of charge, thus extending the vehicle’s range beyond what a solely electric or ICE vehicle can achieve. The downsized engine is usually an extremely efficient example that achieves amazing MPG, even without the assistance of the electric system.

PHEVs with the longest electric range

Model	EPA-Estimated Range
Karma GS-6	61 miles
Range Rover PHEV	48 miles
Toyota RAV4 Prime	42 miles
Ford Escape SE PHEV	37 miles
Lexus NX 450H+	37 miles

The PHEV works best when the gasoline and electric motor run in tandem. In this state, the motor will cover any areas where the ICE would consume more energy. These instances include in-between gear changes and during standstill acceleration. The electric system churns out more power under harder acceleration, the point at which an ICE consumes the most fuel. These factors make the average PHEV ideal for both city and highway use , as they require refueling and recharging far less frequently than EVs and ICEs.

2 Better Resale Value

PHEVs Perform Better On The Used Market

Plug-in hybrid cars benefit from better resale value on the used market for a multitude of reasons. Growing consumer awareness and concern about environmental issues is a big reason why these cars, which traditionally suffer from bad depreciation are performing a bit better. PHEVs are now increasingly sought after in the used car market, primarily due to the increase in gas prices and a better understanding of electromobility. PHEVs are also better suited for daily use, particularly in areas where charging infrastructure has not caught up with the increase in electric car usage.

Advancements in battery technology and increased battery lifespan reduce the long-term ownership concerns that previously affected PHEVs, translating to improved confidence when purchasing a used model. PHEVs still depreciate more than conventional ICEs, but the gap is shortening as each year passes and more manufacturers dive into the world of electromobility.

1 Improved Technology And Features

Modern PHEVs Have All The Bells And Whistles

Most manufacturers are designing their PHEV options to be at the forefront of automotive technology. These examples usually sit at the top of their respective ranges and offer advanced features that are usually optional or simply not available on their ICE counterparts. For the most part, PHEVs will usually come equipped with the best navigation and advanced driver assist systems, further improving their appeal and usability.

Cheapest PHEVs

Model	MSRP
Toyota Prius Prime SE	$32,350
Kia Niro PHEV	$33,840
Hyundai Tucson PHEV	$37,300
Kia Sportage PHEV	$38,690
Mitsubishi Outlander PHEV	$39,845

Within the cabin, PHEVs often come fitted with the best and latest infotainment systems, supporting seamless smartphone integration, advanced navigation, and connectivity functions. Some manufacturers, such as Kia, offer watered-down PHEV options with limited features to make the drivetrain technology more accessible to those with a tighter budget, but for the most part, you’ll find that plug-in hybrid cars are very comprehensively specified.

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