Luxury automakers aren’t in the business of losing money, and BMW doesn’t want to take a hit just because futurists claim the era of EVs is now. Until it has fifth-generation electric vehicle technology on hand, the German automaker plans to go easy on EV production, CEO Harald Krüger told analysts on Thursday.
While Bimmer’s long-range plans still call for 25 electrified models by 2025, 12 of them fully electric, Krüger said it would be too costly to hit the production throttle at this time. How much cheaper are the products designed around BMW’s fifth-generation technology? The difference (in percentage) amounts “a two-digit number,” the CEO claimed. (Read More…)















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