BMW More Than Doubled Its Electric Vehicle Sales This Q1 2023

BMW More Than Doubled Its Electric Vehicle Sales In Q1 2023

BMW is on track to meet its EV sales goals as they've just announced that its EV sales more than doubled in Q1 2023.

The BMW Group posted significant growth in its global sales of fully-electric vehicles (+83.2%) in the first quarter of 2023. Overall, the BMW Group delivered a total of 64,647 electric BMW and Mini vehicles to customers in the first three months of the year. But the stand out was BMW itself, which was able to more than double its sales of electric vehicles (EVs) in the first quarter, with 55,979 units delivered to customers (+112.3%).

“Our strong product lineup continues to inspire our customers worldwide. Our fully-electric vehicles, in particular, are benefiting from high demand around the globe. We were therefore able to maintain the dynamic pace of our electromobility ramp-up in the first quarter,” said Pieter Nota, member of the Board of Management of BMW AG, responsible for Customer, Brands, Sales.

BMW Sold 55,979 Electric Vehicles In Q1 2023, More Than Double Its 2022 Figures

“The BMW Group is on track for slight sales growth in the full year 2023. The main growth drivers in 2023 will be fully-electric vehicles and models from the high-end premium segment – like the new BMW i7, the new BMW 7 Series, the BMW XM, and the updated BMW X7,” Nota continued.

The BMW Group delivered a total of 588,138 BMW, Mini, and Rolls-Royce vehicles to customers worldwide in the first quarter of this year (-1.5%). The aftereffects of China’s receding coronavirus wave and its impact on the economic environment are still clearly being felt across all industries.

The BMW Group expects the Chinese economy to stabilize over the course of the year. The sales situation in the US currently appears to be robust. In Europe, BMW Group sales were down slightly from the previous year, mainly due to the export and production ban for the Russian market. However, a clear upward trend was evident worldwide in March.

With the prospect of profitable growth in what remains a challenging business environment and with a very dynamic increase in sales of electric vehicles, the BMW Group is confident about the year 2023. This is underpinned by a strong order book overall. The BMW Group expects slight growth in deliveries to customers worldwide in the automotive segment in 2023.

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