I'm Hydrated - Let's Do This Thing!

I'm Hydrated - Let's Do This Thing!

"Bayerische Motoren Werke AG predicts China will become the world’s largest market for electric vehicles as more charging infrastructure is built and the government promotes cleaner cars to cut pollution."

States Bloomberg and we agree.

Karsten Engel, BMW’s boss in China, stated:

“We expect that the Chinese car market for electro-mobility will become the largest markets for those cars in a few years.  Because you have supply now, there are cars coming on the market. We are coming with ours, others are coming as well.”

All eyes are on China.  And automakers have put an intense focus on getting plug-in vehicles on the Chinese markets as quickly as possible now.  As Bloomberg states:

"BMW joins Volkswagen AG among automakers betting on alternative-energy vehicles to fuel future growth in the world’s largest auto market. VW plans to unveil more than 15 electrified models in China by 2018, Daimler AG is building electric vehicles with Chinese automaker BYD Co. and Tesla Motors Inc. delivered its first Model S cars in the country last month."

BMW adds that its first electric vehicle to go on sale in China (the BMW Zinoro 1e is lease only) will be the i3.  The i3 will launch in China this September, according to BMW.  The i8 should hit the Chinese market prior to the end of the year too.  However, BMW says supply of both models will be tight and that no more 1,000 units of the i3 will be sold in China in 2014.

Source: Bloomberg