StockWatch: BMW Taking on EV Industry

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Volkswagen​ has signaled deliveries on 1m electric and hybrid​ vehicles in 2021​, almost a five-fold increase from 2020​.

This is a very promising statement as Tesla​ is only forecasting a 50% growth in deliveries for the same period.

BMW​ recently released a new electric car. However, the chairman Oliver Zipse​ has not completely ruled out manufacturing petrol engines just yet.

But he did state that if there were no buyers for these gas-powered cars, then they would stop producing them entirely.

Timestamps

  • VOWG​ 03:50​
  • BMWG​ 04:30

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