BMW releases details of Concept i4

BMW releases details of Concept i4

BMW releases details of Concept i4


  • Several major manufacturers are now developing electric vehicle offerings.

 

  • Worldwide electric car sales hit 1.98 million in 2018, according to the IEA, with the global stock reaching 5.12 million.

 

BMW releases details of Concept i4 an electric concept car on Tuesday, with the vehicle expected to begin production in 2021.

In an interview  Tuesday, CEO Oliver Gypsy described the BMW Concept i4 vehicle as “bringing electromobility to the heart of the BMW brand.”

“It’s fast, it has an acceleration of fewer than four seconds from zero to 100 kilometers per hour, it has a range of 600 kilometers (about 373 miles),” said Gypsy, who was talking to  Annette Weisbach. The price is yet to announced.

He said the company sold more than 140,000 electrified vehicles last year, adding that he was “quite positive about our profitability in the future, even with electromobility.”

Regarding coronavirus, Gypsy told  that it had not yet seen any significant disruptions to BMW’s supply chain, adding that the company was “monitoring the situation very closely.”


Large firms that enter into electromobility

In 2017, BMW Group stated that it expects “electrified vehicles to account for between 15-25% of sales.” Last year, it announced that it would build a plant in Zhejiang Province, Jiangsu Province, in collaboration with China’s Great Wall Motor to produce fully electric models of its Mini brand.

The firm is one of several significant manufacturers offering electric vehicles to challenge electric car manufacturers such as Tesla.

In November 2019, the Volkswagen Group officially began production of its series of ID.3 electric cars, with the German carmaker planning to launch “around 70 new electric models” on its platform by 2028.

Last month, Jaguar Land Rover unveiled its Project Vector Concept vehicle, which described as both “autonomously ready” and electric.

According to IE8, worldwide electric car sales stood at 1.98 million in 2018, with the global stock reaching 5.12 million.

China’s electric car market was the largest on the planet in 2018 – more than one million electric cars we sold there – the IEA says, Europe and the U.S. Trailing behind.

The use of electric vehicles, or EVs, is not limited to individual consumers only. Initiatives such as EV100, led by the international non-profit Climate Group, are seeking to increase their use in the corporate world.

“We are working to speed up electric vehicles on a large scale by businesses buying cars, trucks, and vans,” EV 100 head Sandra Rolling said in an emailed statement. “The sooner this happens, the sooner EVs will become widely affordable for the general public.”

“Our research shows that corporate demand for EVs is increasing, but is still not bein met by manufacturers” Rolling went on to state. “As the climate emergency progresses, American manufacturers need to shift to a higher gear on the production of EVs – or they risk falling behind the global market and losing their largest customers.”…

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