RE: Global BMW EV sales more than double again
RE: Global BMW EV sales more than double again
Tuesday 11th April 2023

Global BMW EV sales more than double again

New M3 Touring in 'very high demand' - but it's all-electric cars on the inevitable rise


News that the BMW Group is selling more electric cars globally might be a revelation roughly equivalent to ‘water wet’, yet it is notable how quickly the trend is now taking hold - even in a first quarter that went very slightly backward in terms of overall deliveries. Between them, BMW, Mini and Rolls-Royce fulfilled 588,138 customer orders in the first three months of this year, a 1.5 per cent fall mostly attributed to the impact that covid is still having in China. Of that number, 64,646 vehicles were fully electric, an 83 per cent increase. BMW alone contributed 55,979 units, more than doubling its BEV sales versus last year. 

Bung plug-in hybrids into the mix, and the number swells to 110,486 overall. “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 BMW AG board responsible for Customer, Brands, Sales. The manufacturer reckons that the new i7 and 7 Series, plus the updated X7 and BMW XM will be among the main growth drivers in 2023. 

Ah, the XM. Or as BMW heralds it, ‘another important milestone for BMW M on the road to an electrified future’. With the market launch of the M2 Coupe (the division's last combustion-only model) upon us, the introduction of the first electrified ‘High Performance’ model is obviously significant to the brand. Although it is notable that even in a quarter where M GmbH shifted 46,430 cars (a 19 per cent improvement on 2022), it is the i4 M50 - the all-electric ‘M Performance’ derivative that instantly became a best-seller last year - that's still attributed as the main growth driver. A halo-wearing Goliath the XM may very well be, but it’ll likely end up a sales minnow compared with the battery-electric saloon already in hot demand and suggests the ground is already plenty firm enough for the four-motor EV that BMW M began previewing last year. 

Elsewhere it acknowledges the success of the new M3 Touring, a car that launched to almost universal approval despite concerns about its styling. BMW doesn’t go into sufficient detail to tell us the breakdown between specific models, but we’d be willing to bet that the first-of-its-kind wagon now makes up a sizeable proportion of continuing M3 and M4 sales that are said to make ‘a key contribution’ to a successful quarter. Looking ahead, the manufacturer reckons that updates to the X5 and X6 M will pay dividends, alongside the ‘highly emotional’ M2 that rounds out the current High Performance portfolio.


Author
Discussion

British Beef

Original Poster:

2,566 posts

189 months

Tuesday 11th April 2023
quotequote all
M3 estate, ah, what a wonderful thing!

I cant imagine having that feeling of desire for any electric car.....

sidesauce

2,967 posts

242 months

Tuesday 11th April 2023
quotequote all
This pleases me greatly, if only to ps off the beards on this forum.

cerb4.5lee

41,818 posts

204 months

Tuesday 11th April 2023
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Reading this definitely makes me sad. Can someone stop the world for me...because I want to get off! cry


HighwayStar

4,835 posts

168 months

Tuesday 11th April 2023
quotequote all
sidesauce said:
This pleases me greatly, if only to ps off the beards on this forum.
+1… I don’t like everything BMW produces but they know what they’re doing.

DonkeyApple

66,963 posts

193 months

Tuesday 11th April 2023
quotequote all
cerb4.5lee said:
Reading this definitely makes me sad. Can someone stop the world for me...because I want to get off! cry
Indeed. That's 100,000 stty diesels that haven't been bought by dullards just wanting a badge to move around with them during their full existence. biggrin

Meanwhile, where it actually matters in terms of cars for folk who like cars, they've been flogging a few mid sized estates with stupid petrol engines in them.

The time to be sad isn't when dullards stop buying diesels for the tax benefits and start buying the next big tax benefit but when fools stop being able to buy pointless, stinky petrol cars with engines far too large to ever be necessary. But then all those silly, petrol M cars will be wafting around the used market for folk to enjoy.

nismo48

6,361 posts

231 months

Tuesday 11th April 2023
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They are making cars that sell, that generates revenue and keeps people working..So I guess that's positive..
Subjective looks aside its not all bad wink

Wab1974uk

1,265 posts

51 months

Tuesday 11th April 2023
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I suspect given the price of BMW's EV cars, most will be company cars, and not private purchases.

GT9

8,658 posts

196 months

Tuesday 11th April 2023
quotequote all
sidesauce said:
This pleases me greatly, if only to ps off the beards on this forum.
Anything that moves us away from the tribal chanting of 'must hate EVs because I love pistons' is a good thing.

Time to move on to 'must love EVs to rid ourselves of stty piston-engined cars'.

ChrisCh86

1,092 posts

68 months

Tuesday 11th April 2023
quotequote all
Wab1974uk said:
I suspect given the price of BMW's EV cars, most will be company cars, and not private purchases.
I suspect you're right - but there seem to be an awful lot of BMW iX's near me - presumably all leased through company schemes.

I had a look on my scheme and it's around £1000/pm for an iX (or for a Taycan). An MG4 is £300/m

bodhi

13,867 posts

253 months

Tuesday 11th April 2023
quotequote all
DonkeyApple said:
Indeed. That's 100,000 stty diesels that haven't been bought by dullards just wanting a badge to move around with them during their full existence. biggrin

Meanwhile, where it actually matters in terms of cars for folk who like cars, they've been flogging a few mid sized estates with stupid petrol engines in them.

The time to be sad isn't when dullards stop buying diesels for the tax benefits and start buying the next big tax benefit but when fools stop being able to buy pointless, stinky petrol cars with engines far too large to ever be necessary. But then all those silly, petrol M cars will be wafting around the used market for folk to enjoy.
Agreed - and as BMW have said they will keep making big stinky petrols for as long as humanly possible I don't think the future is quite as bleak as stated - unless of course you prefer diesel.

I could be talked into an i4 M50 if it was offered as a company perk, but if I was paying for it myself I'd go for one of the petrol ones, as I don't mind spending more in running costs on something more fun.

C69

1,106 posts

36 months

Tuesday 11th April 2023
quotequote all
So BEVs still only account for around 11% of BMW's total - I thought that the mix would be a bit higher than that.

Nevertheless it's a lot of cars that'll enter the used market in a few years. Will there be sufficient demand for second-hand BEVs by then? If not, their true residual values might look very weak.

DonkeyApple

66,963 posts

193 months

Tuesday 11th April 2023
quotequote all
C69 said:
So BEVs still only account for around 11% of BMW's total - I thought that the mix would be a bit higher than that.

Nevertheless it's a lot of cars that'll enter the used market in a few years. Will there be sufficient demand for second-hand BEVs by then? If not, their true residual values might look very weak.
You'd need to see the breakdowns for each market to get a clear picture. They sell globally and only some of those markets are incentivising EVs heavily.

raspy

2,339 posts

118 months

Tuesday 11th April 2023
quotequote all
C69 said:
So BEVs still only account for around 11% of BMW's total - I thought that the mix would be a bit higher than that.

Nevertheless it's a lot of cars that'll enter the used market in a few years. Will there be sufficient demand for second-hand BEVs by then? If not, their true residual values might look very weak.
Their residual values are weak, especially since EV tech is evolving every year.

Come 2025, BMW have got their new generation of EVs being launched. Who wants old hat tech from 2022 when you can have the latest and greatest EVs from 2025?

anonymous-user

78 months

Tuesday 11th April 2023
quotequote all
GT9 said:
sidesauce said:
This pleases me greatly, if only to ps off the beards on this forum.
Anything that moves us away from the tribal chanting of 'must hate EVs because I love pistons' is a good thing.

Time to move on to 'must love EVs to rid ourselves of stty piston-engined cars'.
Is this serious?

cerb4.5lee

41,818 posts

204 months

Tuesday 11th April 2023
quotequote all
MikeHo said:
GT9 said:
sidesauce said:
This pleases me greatly, if only to ps off the beards on this forum.
Anything that moves us away from the tribal chanting of 'must hate EVs because I love pistons' is a good thing.

Time to move on to 'must love EVs to rid ourselves of stty piston-engined cars'.
Is this serious?
People definitely do seem to have strong opinions on whichever side of the fence they sit. Petrolheads generally tend to dislike EVs, and EVheads generally tend to dislike ICE I reckon. There never really seems to be much middle ground.

Charlie_1

1,056 posts

116 months

Tuesday 11th April 2023
quotequote all
GT9 said:
sidesauce said:
This pleases me greatly, if only to ps off the beards on this forum.
Anything that moves us away from the tribal chanting of 'must hate EVs because I love pistons' is a good thing.

Time to move on to 'must love EVs to rid ourselves of stty piston-engined cars'.
I dont hate EVs because I love pistons , I hate them because they are a stupid idea

Nomme de Plum

7,050 posts

40 months

Tuesday 11th April 2023
quotequote all
Charlie_1 said:
I dont hate EVs because I love pistons , I hate them because they are a stupid idea
Why?

sidesauce

2,967 posts

242 months

Tuesday 11th April 2023
quotequote all
MikeHo said:
GT9 said:
sidesauce said:
This pleases me greatly, if only to ps off the beards on this forum.
Anything that moves us away from the tribal chanting of 'must hate EVs because I love pistons' is a good thing.

Time to move on to 'must love EVs to rid ourselves of stty piston-engined cars'.
Is this serious?
Can't speak for GT9 but for me? Like cancer.

SpeedyGonzalez111

14 posts

68 months

Tuesday 11th April 2023
quotequote all
This article suggests for me that 1) more and more people are forced to buy 2035-agenda-imposed-EVs to enter their cities and 2) companies are forced to offer employees EVs in order to be aligned with the mentioned agenda. Still waiting for an answer on how batteries are supposed to be recycled, what are the net benefits of EVs or where will people with no garage charge their vehicles (85%). Let’s not enter into the residual value discussion for now…


GT9

8,658 posts

196 months

Tuesday 11th April 2023
quotequote all
MikeHo said:
GT9 said:
sidesauce said:
This pleases me greatly, if only to ps off the beards on this forum.
Anything that moves us away from the tribal chanting of 'must hate EVs because I love pistons' is a good thing.

Time to move on to 'must love EVs to rid ourselves of stty piston-engined cars'.
Is this serious?
Yes.

What aspect of the mainly god-awful 10 million diesel stboxes on the road would you like to preserve?

Because I'm pretty sure it's not the noise, vibration, noxious emissions or general lack of driving pleasure.

Generally poorly-maintained ageing diesels are screwing it up for everyone, and EVs offer a new dawn as to how to move people and stuff form A to B with the least amount of energy and harm, if the point of the journey is simply that.

And yes I know the batteries kill some kittens and children, but I'd say I'm pretty well-informed, and I'm happy that they kill quite a lot fewer per car than diesels.