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BMW Officially Recognizes "Peak Combustion Engine" As EV Tipping Point 'Was Last Year'

15 Jan 2024 | Abstracted from Fortune

"BMW AG says demand for its luxury cars powered by gasoline reached its highest point last year and expects all-electric models to lead future growth...BMW group EV sales jumped 75% last year, driven by models like the i4 sedan...Future volume growth will primarily come from battery electric vehicles

"By the end of the decade, BMW's EVs will have higher returns than its combustion-engine cars."

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