BMW boosts EV spending to catch up with Tesla

BMW i5 2023 — BMW said its first-half sales growth was largely due to demand for its full-electric vehicles. It expects a further boost with the market launch of the i5 all-electric sedan, shown, in October. (DANIEL KRAUS/DANIEL KRAUS)

By:

Bloomberg

August 03, 2023 07:01 AM

BMW is ramping up spending on its electric-car rollout after the luxury-car maker’s battery-vehicle deliveries more than doubled during the first half of the year.

Featured Stories

2025 New York auto show will have strong brand presence, spotlight affordable vehicles

Nissan’s new scalable EV platform to support up to 5 models, including lifestyle pickup

Live updates on tariffs: Europe exports to U.S. could drop by 200,000 in 2025

The auto retail industry is moving on from DEI but not diversity

Latest News

2025 New York auto show will have strong brand presence, spotlight affordable vehicles

Smart #5 midsize electric SUV challenges Tesla Model Y, Skoda and Audi

Judge dismisses New Jersey dealership lawsuit against Stellantis for second time

Elon Musk calls Peter Navarro a ‘moron’ as Trump tariff spat gets messy

Staying current is easy with newsletters delivered straight to your inbox.

See More in Automakers

2025 New York auto show will have strong brand presence, spotlight affordable vehicles

Trump auto tariffs could cut European exports to U.S. by 200,000, study says

U.S. stock futures plunge overnight with Trump team defending tariffs

British government is relaxing EV rules to protect automakers from Trump tariffs

Staying current is easy with newsletters delivered straight to your inbox.