BMW Poured Billions Into New EVs. Now It's Saying Gas Engines 'Will Never Disappear'
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BMW Poured Billions Into New EVs. Now It's Saying Gas Engines 'Will Never Disappear'
"BMW is not giving up on combustion-powered cars, despite investing billions in an all-new EV platform. The German automaker bets on powertrain diversity for the foreseeable future. That's because not all regions across the world are ready for a full-on EV transition yet. The days of automakers boasting about the demise of the combustion engine are over. Several brands have toned down their electric car ambitions in the last 12 months, saying that the previously announced targets are hard to achieve considering today's shifting preferences."
"That's a tough stance for a company that has poured billions of dollars into an all-new electric platform dubbed Neue Klasse, which will underpin a slew of upcoming EVs globally. Moreover, BMW has had reasonable success with its EVs in Europe and the United States, so it can be hard to grasp why the German automaker is planning on keeping combustion engines alive for the indefinite future."
BMW will continue offering combustion-powered cars alongside heavy investment in the Neue Klasse EV platform. The company pursues powertrain diversity and plans three architectures: Neue Klasse for EVs, a combustion-only platform for entry-level cars, and a third architecture for larger SUVs and sedans. The approach enables selling variations of the same model with different powertrains across markets. EV adoption remains low in regions such as India, the Middle East, and parts of Eastern Europe, making gasoline models necessary for profitability in those areas. BMW leadership asserts that internal combustion engines will not disappear.
Read at InsideEVs
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