FRANKFURT — BMW announced its intentions to offer a fully electric 5 Series, 7 Series and X1 as part of a sweeping product overhaul unveiled on Monday as the German carmaker seeks to lower vehicle emissions during production and on the road.
All three of those vehicles will be offered in an array of powertrain choices: full electric, plug-in hybrid and gas-only with a 48-volt mild-hybrid system. Europe will also get diesels, but we don’t expect those to make it to the U.S.
«In ten years, the goal is to have a total of more than seven million electrified BMW Group vehicles on the roads – around two thirds of them with a fully-electric drivetrain,» the carmaker said on Monday.
Carmakers have been pushing electric cars ever since European lawmakers in December 2018 ordered a cut in carbon dioxide emissions from cars by 37.5% by 2030 compared with 2021 levels. This will come after a 40% emissions cut between 2007 and 2021.
Starting next year, BMW said it will offer five fully-electric cars: the BMW i3, the MINI Cooper SE, the BMW iX3, the BMW iNEXT and the BMW i4. In total, BMW plans to have 25 electrified models on the roads by 2023, half of them fully electric.
As for the fully electric 5 Series, Chief Executive Oliver Zipse declined to give a launch date. There’s no hard launch date for the electric X1 or 7 Series either, but BMW said the electric 7 Series will arrive when the next-gen 7 Series does.
BMW said its management remuneration will be more closely aligned with compliance to climate targets and that carbon emissions from production and sites would be lowered by 80% per vehicle.