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BMW hits one million EV sales, targeting two million by 2025 -Breaking

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© Reuters. FILE PHOTO A German luxury carmaker BMW’s logo is visible in Munich (Germany), March 20, 2019. REUTERS/Michael Dalder/File Photo

BERLIN, (Reuters) – BMW announced Tuesday that it has sold the one-millionth electric vehicle (EV). The German carmaker also plans to make two million total EV sales before 2025.

Pieter Nota, a board member, stated that hybrids account for 70% of EVs currently sold. He also said that hybrids would still play an important role, especially in the case where customers don’t have access to charging stations.

He stated that continuing to modernize fossil fuel-burning automobiles was another step toward making the industry more sustainable.

BMW believes in investing in multiple technologies, rather than just battery-electric vehicles to lower emissions. It also opposes bans on the purchase of combustion engines.

Carmaker Ford aims to have at least half of its global sales fully electric by 2030. However, the company has repeatedly stated on multiple occasions that a lack of infrastructure for charging electric vehicles is a barrier to consumers adopting them faster.

Nota stated that November sales were slightly lower than last year because of a shortage in chips. He said that the company was confident it will see an absolute increase in revenue compared with last year.

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