i4

While other automakers are dialing back their electric vehicle plans, BMW is quietly going all in. “The tipping point for the combustion engine was last year,” CFO Walter Mertl told journalists at a roundtable in Munich recently. The German automaker has seen sales of its fossil fuel vehicles plateau and is expecting a slow decline, he said. “Growth will come increasingly from electric vehicles.”BMW sold a record 2.5 million vehicles last year, 15% of which were all-electric. This year, the company thinks it’ll sell 500,000 EVs, or 33% more than last year.