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BMW says peak combustion engine has passed as EVs car sales now drive its growth: ‘The tipping point for combustion engines was last year’ – Fortune

BMW says peak combustion engine has passed as EVs car sales now drive its growth: ‘The tipping point for combustion engines was last year’ – Fortune

BMW AG says demand for its luxury cars powered by gasoline reached its highest point last year and 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 75% last year, driven by models like the i4 sedan and as overall sales growth has slowed… 

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