BMW (BMWG.DE) expects over 50% of new sales to be all-electric vehicles well ahead of its 2030 target and could envision a hydrogen-powered car going into production in the second half of the decade, the premium carmaker said on Wednesday.
By 2025, a fourth of new sales will be all-electric, the company said, rising to a third by 2026 – an ambitious leap from the 1-in-11 ratio seen last year.
One of the most prominent advocates among carmakers of hydrogen fuel cell technology as a worthwhile option alongside battery-powered cars, Chief Executive Oliver Zipse said he could also envision a hydrogen-powered vehicle going into production by mid-decade.
“We see hydrogen-electric vehicles as a meaningful complement to e-mobility, even with something of a time lag,” Zipse told a news conference dedicated to the company’s annual results.
The BMW iX5 Hydrogen* test vehicle, with a range of 500 km (310 miles) and an ability to refuel in three to four minutes, was being tested in various countries, BMW said in a statement.
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