BMW says electric car mass production not viable until 2020 - which is likely why prices are still high
The i8 Roadster model, due to hit showrooms in May, is equipped with what BMW calls its fourth-generation electric drive technology. Advances in battery raw materials and chemistry has increased its range by 40 percent over the previous version, BMW said. BMW is working to make electric car technology more modular and scalable to make mass production commercially viable.
“We wanted to wait for the fifth generation to be much more cost competitive,” Chief Executive Harald Krueger told analysts in Munich. “We do not want to scale up with the fourth generation.”
BMW said it wanted to add 25 new electrified models by 2025, of which 12 vehicles will be fully battery electric variants.
Thanks to a new production method available from 2020 onwards, BMW will be able to make all its cars with pure electric, hybrid and combustion engined variants.
In 2019 BMW will start making a fully electric Mini at its plant on the outskirts of the British city of Oxford, and will start production of a battery electric version of the X3 offroader in 2020.
The point is that manufacturers are carefully controlling their volumes of production and will only start to mass produce when the demand is ready. Too early and they sit with lots of unsold stock which is an older generation. Even for my Toyota Hybrid I had to wait about four to five months for it to be manufactured.
|BMW says electric car mass production not viable until 2020
BMW will not mass produce electric cars until 2020 because its current technology is not profitable enough to scale up for volume production, the chief executive said on Thursday.