German carmakers have long been accused of failing to invest enough in the production of eco-friendly electric cars and instead have committed too many assets to diesel-engine vehicles that are losing popularity because of pollution. But luxury carmaker BMW says the company is ramping up production of electric and hybrid cars, with double-digit growth expected next year.
“By the end of 2019 we will have 500,000 electrified vehicles on the road,” BMW Chief Executive Harald Krüger told Handelsblatt’s sister publication WirtschaftsWoche. BMW uses the phrase “electrified vehicles” to refer to fully electric and plug-in hybrid cars. In 2018, BMW will increase sales in the mid-double-digit percentage range compared to 2017, he said.