Transportation
BMW Expects EV Sales to Keep Growing, Just at a Slower Pace
- Firm will build six electric models in South Carolina by 2030
- North America CEO says leasing makes EVs more affordable
Cars are assembled in the BMW Group factory in Munich, Germany.
Photographer: Leonhard Simon/Getty ImagesThis article is for subscribers only.
BMW AG remains bullish on battery-powered electric vehicles in the US, even though it’s expecting the sector’s market share gains to slow.
“Is there a growing market for electric vehicles? 100% yes,” Sebastian Mackensen, BMW of North America’s chief executive officer and president, told Bloomberg TV Tuesday. “Is the growth on the exact same level as maybe some experts have estimated a year ago or six months ago? Maybe not.”