BMW Group enjoys 14.3% jump in plug-in car sales in Q2 2022

BMW Group enjoys 14.3% jump in plug-in car sales in Q2 2022

German luxury automaker BMW Group has announced a notable increase of more than 14 per cent in its overall plug-in car sales in the second quarter (Q2) of 2022. BMW Group sold a total of 563,536 cars during the April to June quarter of this year, roughly 20 per cent down from the corresponding three-month period of 2021. On the positive side, the company’s plug-in electric car sales increased 14.3 per cent year-over-year to settle at 94,884 units, which enabled the plug-in segment to account for an improved share of 16.9 per cent of the total volume.

Sales of battery-powered electric vehicles (BEVs) increased 85 per cent year-over-year, while the plug-in hybrids (PHEVs) suffered a decline of 11 per cent year-over-year.

Global sales of BMW and MINI plug-in cars in the quarter under review included 40,602 units of BEVs (up 85 per cent with 7.2 per cent share of total volume) and 54,282 units of PHEVs (down 11 per cent with 9.7 per cent share of total volume). Thus, total plug-in car sales settled at 94,884 units.

Year to date (YTD), the German manufacturing giant sold 184,553 plug-in electric cars and 75,891 BEVs, up 20 per cent and 110 per cent year-over-year.

The automobile giant is quite optimistic that its BEV sales this year will double compared to last year, which means that more than 200,000 units are on the table, including more than 125,000 units in the second half of this year.

Pieter Nota, a member of BMW AG Board of Management responsible for Customers, Brands & Sales, said in a statement that the company successfully managed to more than double its BEV sales worldwide despite various challenges.

In the recently released statement, Nota said, “Despite a very challenging environment, we were able to more than double our sales of fully-electric vehicles worldwide in the first half of this year. The BMW brand was once again number one worldwide in the premium automotive segment in the first half of the year.”

Stats released by BMW Group clearly show that demand for the automobile giant’s new electric models is quite high. For instance, the BMW i4 model garnered more than 34,000 orders in Europe alone. The manufacturer is optimistic that its BEV sales will continue to rise in the coming quarters as several new models, including the BMW iX1 and BMW i7, will hit the market.

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