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January 04, 2023 06:21 AM

BMW sales dip in 2022, targets 15% battery-electric sales this year

BMW's EV sales were close to 10 percent of overall annual volume last year.

Reuters
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    BMW i7 xDrive60 1.jpg

    BMW's first full-electric flagship sedan, the i7, will begin deliveries in the first quarter of this year.

    BERLIN -- BMW Group sold around 100,000 fewer cars in 2022 at 2.4 million vehicles, but more than doubled the proportion of fully-electric cars sold to reach almost 10 percent of total sales.

    The automaker plans to raise the share of battery-electric vehicles in total sales to 15 percent in 2023, a BMW spokesperson said.

    The core BMW brand sold 2.1 million vehicles last year, down from a record 2.2 million in 2021, as COVID-19 lockdowns in China disrupted vehicle sales and supply chains, and European inflation weighed on demand.

    BMW has so far offset the dip in sales volumes with higher prices, with third-quarter profits rising in 2022.

    The carmaker will report full 2022 sales figures on Jan. 10.

    BMW is expanding its electric lineup and will begin deliveries of its full-electric i7 flagship sedan, a variant of the seventh-generation 7 Series, this quarter.

    Related Article
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    FOCUS ON ELECTRIFICATION NEWSLETTER: A monthly wrap-up of the latest electric vehicle news, including interviews and global EV sales data, delivered to your inbox.
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        • Capgemini: All or nothing: Why circular business models require a holistic approach
        • Capgemini: Invent Head on automotive takeaways from CES 2023
        • Capgemini: Securing the industry's future through a radical rethink
        • Capgemini: Succeeding with the automated driving journey through AI
        • Capgemini: The circular economy is spurring new thinking on EV batteries
        • Capgemini: Toyota and Capgemini leaders on how OEMs can handle industry changes and succeed
        • HEXAGON: Plugging into data is the only way to make winning EVs
        • PUBLICIS SAPIENT: The power of post-purchase: How automakers can maximize customer lifetime value
        • TOYOTA EUROPE: Toyota Motor Europe's next-gen C-HR: sensory innovations revealed by Vehicle UX leader
        • TUV Rheinland: Ideas, services and certifications for smart mobility
        • TUV Rheinland: Testing of automated and autonomous vehicles on test tracks
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        • Capgemini and Renault Group: Leaders on unlocking automotive sustainability with circular economy strategies and EV battery solutions
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