bmw sets new ev delivery record and looks to build momentum with i7 arriving in q4

BMW of North America established a new quarterly benchmark in the third quarter, delivering 4,337 battery electric vehicles. The automaker is expanding its EV portfolio, expecting to boost sales even further with the BMW i7, set to arrive at US dealerships in the fourth quarter.

BMW achieves strong Q3 sales as EV deliveries pick up

In the third quarter, BMW’s overall sales grew 3.2% as the luxury automaker continued to see strong demand for its fully electric models.

BMW’s Chief Financial Officer, Nickolas Peter, said last week the automaking group had a “turbulent year” globally with lockdowns in China, lingering supply chain issues, and rising energy costs from the war in Ukraine.

Peter answered questions about energy supply by saying, “the gas issue will not have any direct impact on us this year,” although BMW expects to continue seeing pressure this year due to rising costs.

In the United States, BMW has no issues selling EVs, the only challenge is keeping up with demand. However, the automaker also believes it will take a massive leap in 2023 due to soaring demand for electric vehicles. As CEO of BMW North America, Sebastian Mackensen states:

The customer demand and enthusiasm for BMW’s electric vehicles has been there from the start.

After retiring the BMW i3, the first of BMW’s “i-series,” in January 2022 after a nine-year run, the German automaker revamped its electric brand. BMW currently offers two fully electric models in North America, the BMW iX UV and the BMW i4.

The BMW iX M60 Source: BMW

Increased availability of these models “fueled sales growth” during the third quarter as BMW delivered 4,337 pure EVs in Q3, including 1,727 iX models. The automaker expects US EV sales to continue picking up as Mackensen explains:

With the support of our dealer partners, we expect this momentum to accelerate through the fourth quarter, resulting in a strong finish to the year.

BMW’s first fully electric 7-series model (its largest yet), the i7, will arrive at US dealerships in the fourth quarter. The full-sized EV sedan takes luxury driving to the next level with massaging Merino leather seats, a Panoramic Sky Lounge LED roof, and much more.

Depending on when the i7 begins arriving, it may or may not show up in BMW’s fourth-quarter sales, but it should make a difference in 2023 as the automaker expects a big year for EV deliveries.

Add Electrek to your Google News feed.  Google News google-news


TECH NEWS RELATED

A First As Thorne Tops IMCA Hobby Stock Rookie Points Race

HERRIMAN, Utah – Getting to race against more cars got C.J. Thorne into the IMCA Sunoco Hobby Stock division. Three feature wins and season-long consistency got him the national rookie of the year award. From Herriman, Thorne became the first driver from Utah to win a national IMCA rookie ...

View more: A First As Thorne Tops IMCA Hobby Stock Rookie Points Race

Alex Albon is Where He Belongs

Albon's path from Red Bull's farm system to Williams was long and strange, but he has excelled as the leader of a struggling team.

View more: Alex Albon is Where He Belongs

AA DRIVEN NZ COTY 2022: Ford Ranger is the best light commercial vehicle (LCV) of the year

We already know that the Ford Ranger is the AA DRIVEN Car of the Year overall winner. So naturally, it’s also the winner of its class, light commercial vehicle (LCV). What more can there be to say? Just that looking at the Ford in context of the LCV further underlines ...

View more: AA DRIVEN NZ COTY 2022: Ford Ranger is the best light commercial vehicle (LCV) of the year

AA DRIVEN NZ COTY 2022: BYD Atto 3 is the best Clean Car BEV of the year

It might be from a brand previously unknown and completely new to New Zealand, but the BYD Atto 3 has taken the burgeoning Kiwi battery electric vehicle (BEV) market by storm. There’s no doubt it’s come at the right time for first-time plug-in buyers: the sharp pricing is on par ...

View more: AA DRIVEN NZ COTY 2022: BYD Atto 3 is the best Clean Car BEV of the year

AA DRIVEN NZ COTY 2022: Mitsubishi Outlander is the best Clean Car PHEV of the year

The Mitsubishi Outlander PHEV has been one of the most important plug-in vehicles in New Zealand for a decade; it’s arguably the model that was first to bring electric vehicle technology into the Kiwi mainstream, proving that zero-emissions urban driving didn’t have to come at the expense of SUV practicality ...

View more: AA DRIVEN NZ COTY 2022: Mitsubishi Outlander is the best Clean Car PHEV of the year

AA DRIVEN NZ COTY 2022: BMW iX is the best Luxury car of the year

Luxury cars should be state-of-the-art, lavishly equipped, spacious and comfortable. The BMW iX, the first of a new generation of battery electric vehicles (BEVs) from the German maker, is all of that. But it’s also our top Luxury car because it does something else top-level models should do: break new ...

View more: AA DRIVEN NZ COTY 2022: BMW iX is the best Luxury car of the year

AA DRIVEN NZ COTY 2022: Honda Jazz is the best Passenger vehicle of the year

Passenger is a COTY category that’s very much a sign of the times. Basically, it’s anything that’s not an SUV or ute – the two segments that absolutely dominate the New Zealand new-vehicle market. Sedans, hatchbacks, station wagons, people movers… vehicle types that were once traditional but are now considered ...

View more: AA DRIVEN NZ COTY 2022: Honda Jazz is the best Passenger vehicle of the year

AA DRIVEN NZ COTY 2022: Chevrolet Corvette is the best Sports & Performance car of the year

Who doesn’t love a mid-engined V8 sports car with supercar style? It’s easy to be wowed by the Chevrolet Corvette C8 and quite right too: it looks incredible and goes fast. It’s a real poster car. But it’s also a worthy and significant winner for a whole bunch of reasons. ...

View more: AA DRIVEN NZ COTY 2022: Chevrolet Corvette is the best Sports & Performance car of the year

6 Reasons the 2023 Honda CR-V Is a Good SUV to Buy According to Cars.com

The New Sequoia Hybrid 2023 MPG Beats the 2022 by $1,150 Every Year

US: Kia EV6 Sales Dropped To New Low In November

Elon Musk responds to Joe Biden’s plan to electrify the great American road trip

The 3 Most Reliable Ford Models According to Consumer Reports Owner Surveys

Don’t Dismiss Jeep’s Grand Wagoneer as a Rebodied Ram Truck

Why Ferrari’s ‘SUV’ is really a sports car

Feeney hopeful of being 2023 Supercars championship contender

Marque keen to make difference

Clean car laws impact sales

2023 GMC Sierra prices up, start at $38,995 for Sierra Pro Regular Cab

The Best 2023 GMC Canyon Trim Isn’t Cheap

OTHER TECH NEWS

Top Car News Car News