Sales of BMW electric cars soar, but chip shortages are a challenge

The BMW i4 is observed all through a BMW press match in Garching, Bavaria, on September 29, 2021.

Matthias Balck | Symbol Alliance | Getty Pictures

Gross sales of the BMW Crew of all-electric cars grew 121.four% within the first 9 months of 2021, to 59,688 gadgets, with the German automaker pointing out on Wednesday that electrical mobility has transform a “important enlargement engine and luck issue” for the corporate.

In overall, the Munich-based corporate offered 231,575 all-electric cars and plug-in hybrid cars between January and September, an building up of 98.nine%. For comparability, within the 3rd quarter of 2021 by myself, Elon Musk’s Tesla says it delivered 241,300 cars.

BMW electrical automobile numbers had been contained in an income document printed on Wednesday. Internet benefit for the 3rd quarter of 2021 was once 2.58 billion euros ($2.99 ​​billion), up 42.four%. This got here in spite of a 12.2% drop in auto deliveries in comparison to the 3rd quarter of 2020.

“Within the 3rd quarter of 2021, operations had been increasingly more suffering from provide bottlenecks for semiconductor parts,” the corporate mentioned. “Even though this led to manufacturing quantity shortfalls and decrease gross sales quantity all through the July-September 2021 length, the affect was once additional offset via sure value affects on new and used vehicles.”

Returning to the vanguard of electrical cars, the BMW Crew needs absolutely electrical cars to account for a minimum of 50% of deliveries via 2030.

BMW is without doubt one of the many well known corporations selling an electrification technique. In March, Volvo Automobiles mentioned it plans to transform a “all-electric automobile corporate” via 2030.

In July, the Volkswagen Crew mentioned that part of its gross sales are anticipated to be battery electrical vehicles via 2030. Via 2040, the corporate mentioned just about 100% of its new vehicles in key markets must be zero-emissions.

This shift to electrical mobility comes at a time when primary economies all over the world are looking to scale back the environmental affect of transportation.

The United Kingdom, as an example, needs to prevent promoting diesel and petrol vehicles and trucks via 2030. From 2035 it is going to require all zero-emission vehicles and trucks.

In different places, the Eu Fee, the EU’s govt arm, objectives to chop carbon dioxide emissions via 100% from vehicles and vehicles via 2035.

— CNBC’s Chloe Taylor contributed to this document

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