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German high-end carmaker BMW said Tuesday it would accelerate its plans to build new electric models, as the whole industry comes under pressure to meet strict emissions regulations.
The Munich-based manufacturer will offer 25 electrified vehicles in 2023, "two years earlier than originally planned," chief executive Harald Krueger said in a statement.
Half - Remainder - Hybrids - BMW
Of those, more than half will be all-electric while the remainder will be hybrids, BMW said.
The carmaker took an early lead in battery-powered driving with its i3, released in 2013.
Market - Leader - Technology - Carmakers - EU
However, it is no longer the market leader using the technology, which is indispensable for carmakers to meet the EU's tough new carbon dioxide (CO2) emissions rules set to bite from 2020.
Germany's flagship industry as a whole is seen as lagging foreign competitors like California's Tesla or China's producers.
Months - BMW - Vehicles - Percent - Period
In the first five months of 2019, BMW sold 48,000 electrified vehicles, up two percent on the same period in 2018.
But that number made up just five percent of the group's total unit sales of more than one...
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