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BMW’s BEV sales surge, while PHEV drops in Q1 2023

David Ijaseun by David Ijaseun
April 15, 2023
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The BMW i Vision Dynamics

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The BMW Group reported a 1.5% decrease in global vehicle sales during the first quarter of 2023, with a total of 588,138 vehicle sales worldwide.

However, the company still expects sales to increase slightly by the end of 2023. While sales of plug-in hybrid vehicles (PHEVs) decreased, sales of battery electric vehicles (BEVs) increased, resulting in an overall 23% increase in rechargeable car sales, with BEVs accounting for 11% of the total volume.

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In 2022, BMW sold 433,795 plug-in electric cars, up 32% from the previous year, with BEVs representing 9% and PHEVs 9.1% of total sales.

BMW plans to introduce several new fully-electric models, with the goal of having at least one in five new vehicles being fully electric by 2024.

Read more on What makes the 2024 BMW XM Label Red the high-performance SUV you’ve been waiting for

Tags: BMW

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