In the first half of 2022, the BMW Group sold 13% fewer cars than in the first half of 2021 but its EV sales grew by 110% during the same period.
Overall, the Bavarian company sold just over one million cars in total, of which 75,891 were all-electric BMWs and MINIs.
“Despite a very challenging environment, we were able to more than double our sales of fully-electric vehicles worldwide in the first half of the year,” said Pieter Nota, member of the Board of Management of BMW AG responsible for Customer, Brands, Sales.
“It’s not just our electrified models that are inspiring customers around the globe: Thanks to our innovative and sustainable product line-up, the BMW brand was once again number one worldwide in the premium automotive segment in the first half of the year.”
However, BMW doesn’t want to rest on its laurels. The Group planned to double its all-electric sales from 2021 and, with this half-year announcement, it seems on track to do so.
In fact, the upcoming all-electric i4 has 34,000 units on order across Europe while the China-only i3, iX1 and i7 are set to launch later this year.
By 2025, BMW says that wants to have more than two million all-electric cars on the road.
The MINI brand sold 140,711 vehicles in the first half of this year — down 10.9% from the same time last year. However, it did sell 18,430 all-electric Cooper SE models around the world — up 37% from the first half of 2021.
Rolls-Royce, meanwhile, managed to sell 3,191 cars in the first six months of 2022 — up 6.8%, demonstrating that not everyone might be feeling the squeeze. The company’s first electric car, the Spectre, is expected to hit the market in Q4 next year.
Overall, BMW’s sales in Europe, the US, and China declined quite dramatically by 13.9%, 10.3%, and 18.9% respectively. However, EV sales in China grew by almost 75% and by 30% in Germany.