It has been some time since the BMW CEO announced that his company is shifting its focus towards electric cars. However, before we speak about the new tendencies BMW will introduce in the nearest future, let’s have a quick look at electric BMW cars’ evolution.
It all began in the 1972 Olympics in Munich. Two BMW 1602 were used during the marathon. It wasn’t a problem for runners to breathe, as engineers replaced the standard engine with 12-volt lead-acid batteries, therefore they avoided air pollution. This is how the first BMW electric car was conceived. The only drawback of this engine was the incapability to recharge the batteries, so the dozen of batteries had to be replaced after they depleted.
Since this time BMW has continued to work on production of electric vehicles. In 1975 LS Electric saw the light. The car was powered by the Bosh DC monitor and a set of 10 lead-acid batteries. 10 years of work resulted in fully electric 3 series, however with time there were used sodium-sulfur batteries that allowed the vehicles to be recharged after 93 miles of driving. Much water has flown under the bridge since that time.
There have been talks that BMW by 2030 will have half of their vehicle production zero emissions. It is possible that this is the very reason why their shares went up 3.8% this week. It has been said that BMW has started this year in a very solid manner. The company doesn’t take unnecessary risks, but instead it is making confident progress.
The company has confirmed that 70% of their European sales will be electric cars by the year 2030. This means that the automobile giant will build a substantial number of battery cell plants. Clearly, these news will result in spikes of company’s stock shares. BMW claims that around 90% of its market categories will have fully electric cars in the market in three years from now. Moreover, the model i4 will see the light before its scheduled release.
The German car company has also mentioned that its MINI brand will also be producing electric cars, and they expect the half of the production to be attuned to electric vehicles. BMW is competing with the largest electric car manufacturer Tesla. However, Bavarian Motors is not the only company who is in rush due to the tightening CO2 emissions standard in Europe. Swedish car brand Volvo has also mentioned that by 2030 they will have a full-fledged line of electric cars. Also, Ford claims that they will produce environmentally friendly cars by the same year.
Electric cars are going through the transition from niche products to mainstream. Sales of hybrid and electric cars comprise 10% of overall car sales in the world.