BMW expects new EVs to match combustion-engine cars on profit

BMW Zipse i7 agm May 2022 — BMW CEO Oliver Zipse told shareholders that by 2030, at least half the group's global sales should come from all-electric vehicles. He is shown standing next to the new i7 full-electric sedan at the company's annual meeting on May 11, 2022. (Rainer Haeckl www.rainerhaeckl.d/www.rainerhaeckl.de)

May 12, 2022 08:35 AM

BMW cars underpinned by the company's Neue Klasse (New Class) electric platform will be "as profitable as vehicles with state-of-the-art combustion engines," CEO Oliver Zipse said.

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