Motoring

BMW: Demand for combustion engine cars have peaked, EVs set to drive growth

BMW Group’s EV sales grew by 75 per cent last year

The firm’s chief financial officer said the “tipping point” for combustion engines was last year. Picture: Bloomberg

BMW has said demand for its luxury cars powered by petrol reached its highest point last year, and that it expects all-electric models to lead future growth.

The German premium car maker has well-filled order books for battery cars with a target of half a million vehicle sales this year, roughly a fifth of total deliveries, chief financial officer Walter Mertl said.

BMW group EV sales jumped by 75 per cent last year, driven by ...