Thursday, October 16, 2025

Latest

BMW Plans to Produce an Additional 250,000 EVs Within Next Three Years

As the EV market continues to heat up with numerous major auto-manufacturers joining the ‘space race’ and unveiling electric cars that are in direct competition of Tesla, it appears that BMW has taken it a step further, announcing it will up its electric vehicle production even more.

The German manufacturer’s CEO Oliver Zipse made the announcement on Sunday, revealing that BMW will produce an additional 250,000 electric vehicles over the span of the next three years. However, despite the ambitious plans, Zipse did note that Germany still faces an uphill battle in terms of transitioning to electric vehicles. The CEO brings attention to the country’s lack of charging infrastructure which, he predicts, would need to be updated by an additional 15,000 private and at least 1,300 public chargers in order to meet the growing demand.

Indeed, the lack of necessary charging infrastructure in the face of rapidly growing demand for electric vehicles is also a hurdle that has become evident in the US. In response to the imbalance, President Elect Joe Biden has previously promised to build 500,000 new EV charging stations across the US. The recent announcement is part of his bigger plan in clean energy investments that are expected to create approximately 1 million jobs in the country.


Information for this briefing was found via Bloomberg and TechStartups. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

When 4% of Global Copper Disappears Overnight | David Gower – Emerita Resources

Mining M&A: Gold X2 Acquires Kesselrun Resources

They Said Oil Was Dead. They Were Wrong. | Michael Judson – Record Resources

Recommended

Military Seizes Power in Madagascar After President Flees

Altamira Gold Hits 395.5 Metres Of 0.4 g/t Gold At Maria Bonita

Related News

Canada Not Likely to Meet its Electric Vehicle Sales Target by 2025 Despite Rebates

Despite the growing demand for electric vehicles, it appears that Canada will still fall short...

Saturday, November 14, 2020, 11:54:00 AM

Ford Investing $1 Billion In Europe To Go Fully Electric By 2030

Ford has become the latest major automaker to make a significant transition towards EV production,...

Thursday, February 18, 2021, 11:07:00 AM

Taiwan’s Foxconn Aims To Make Cars For Tesla One Day

Foxconn Technology Group, the Taiwan-based electronics company known for manufacturing iPhones, on Tuesday unveiled prototypes...

Saturday, October 22, 2022, 05:23:00 PM

BYD Announces Massive Discounts In Bid To Squeeze Tesla From Key Markets

Chinese electric vehicle maker BYD Co. (SHE: 002594) announced sweeping price cuts of up to...

Tuesday, May 27, 2025, 08:23:49 AM

Canada’s Flagship EV Battery Plant Hit by Sudden Construction Worker Layoffs

About 200 construction workers were laid off last week at Canada's first large-scale electric vehicle...
Tuesday, July 1, 2025, 08:39:36 AM