The BMW i4 seen throughout a BMW press occasion in Garching, Bavaria, on September 29, 2021.

Matthias Balk | image alliance | Getty Images

The BMW Group’s gross sales of absolutely electrical autos grew by 121.4% within the first 9 months of 2021, hitting 59,688 models, with the German carmaker stating Wednesday that electrical mobility was “turning into an more and more very important development driver and success issue” for the corporate.

In complete, the Munich-headquartered agency offered 231,575 all-electric and plug-in hybrid autos between January and September, a bounce of 98.9%. By comparability, within the third quarter of 2021 alone, Elon Musk’s Tesla says it delivered 241,300 autos.

BMW’s electrical car figures had been contained in an earnings report revealed Wednesday. Net revenue for the third quarter of 2021 amounted to 2.58 billion euros ($2.99 billion), an increase of 42.4%. This was regardless of deliveries in its automotive phase dropping by 12.2% in comparison with the third quarter of 2020.

“In the third quarter 2021, operations had been more and more impacted by provide bottlenecks for semiconductor parts,” the corporate mentioned. “Although this resulted in manufacturing quantity shortfalls and decrease gross sales volumes throughout the interval from July to September 2021, the impression was greater than offset by optimistic value results for brand spanking new and pre-owned autos.”

Back on the EV entrance, the BMW Group desires absolutely electrical autos to characterize a minimum of 50% of its deliveries by the 12 months 2030.

BMW is one in all a number of well-known firms pushing an electrification technique. In March, Volvo Cars mentioned it deliberate to turn out to be a “absolutely electrical automotive firm” by the 12 months 2030.

Read extra about electrical autos from CNBC Pro

In July, the Volkswagen Group mentioned half of its gross sales had been anticipated to be battery-electric autos by 2030. By the 12 months 2040, the corporate mentioned nearly 100% of its new autos in main markets needs to be zero-emission.

This shift to electrical mobility comes at a time when main economies around the globe are trying to cut back the environmental footprint of transportation.

The U.Okay., for instance, desires to cease the sale of latest diesel and gasoline automobiles and vans by 2030. It would require, from 2035, all new automobiles and vans to have zero tailpipe emissions.

Elsewhere, the European Commission, the EU’s government arm, is concentrating on a 100% discount in CO2 emissions from automobiles and vans by 2035.

— CNBC’s Chloe Taylor contributed to this report

 

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