The BMW Group has reported a 10.1% increase in deliveries of all-electric vehicles (BEVs) in the third quarter of 2024 compared to the same period last year.
Across all its brands, BMW delivered a total of 103,440 electric vehicles, marking the second consecutive quarter where six-digit BEV deliveries were achieved. This follows the company’s Q2 record of 107,933 all-electric vehicle deliveries, with the latest quarter representing BMW’s third-best quarter for electric vehicle sales.
While BEV deliveries saw a strong year-on-year growth, the performance of BMW’s overall electrified vehicle category, which includes plug-in hybrids (PHEVs), was less impressive. The BMW Group’s ‘electrified’ deliveries in Q3 rose by just 0.1%, with PHEV sales reaching 36,625 units out of 140,065 electrified vehicles delivered.
For the first three quarters of 2024, BMW increased BEV deliveries by 19.1%, reaching 294,054 units, while plug-in hybrid sales declined, contributing to only a 6.2% rise in overall electrified vehicle deliveries.
BMW’s all-electric sales contrast with its overall vehicle sales, which fell by 13% in the third quarter, bringing total deliveries to 540,882 units. The BMW brand itself saw a decline of 11.4%, while Mini sales plummeted by 25.2%. Rolls-Royce and BMW Motorbikes also recorded sales drops, with declines of 16.2% and 3.2%, respectively.
Despite the overall sales decline, the electric segment remained a bright spot, with BMW highlighting strong demand for models like the iX1 and i4. Mini, in particular, showed remarkable growth in its electric offerings, recording a 54.3% rise in BEV deliveries, amounting to 16,536 units. The brand is undergoing a complete product renewal, including the introduction of fully-electric versions of the Cooper and Countryman.
Jochen Goller, BMW AG’s Board of Management member for Customer, Brands, and Sales, praised the company’s strong electric performance: “Our fully-electric vehicles are winning over customers worldwide. We have seen significant double-digit growth in BEV sales during the first nine months of the year. In Europe, our market share grew, and we significantly outperformed the region’s total market, despite challenging conditions.”
