Could BMW Focus Solely on EVs by 2024?
In the wake of controversial comments by a top industry analyst, a leading automotive alternative energy website is saying the German automaker could no longer be making internal combustion engines in 10 years. Could BMW be focusing solely on electric vehicles by 2024? Mutual fund manager Ron Baron has some compelling reasons why - but GreenCarJournal.com says they may not entirely be on the mark. RELATED: See photos of the BMW i8
Baron, whose funds have about $250 million invested in Tesla, said his analysts visited BMW’s German headquarters. There they were told, “The BMW financial team believes a revolution in drive train is underway. We believe that BMW will likely phase out internal combustion engines over the next 10 years!”
He backed that up by saying, “While many car companies doubt electric cars will ultimately represent a large portion of new car sales, BMW is not one of those companies. Two of our research analysts recently visited BMW’s headquarters in Munich, as well as its electric vehicle and carbon fiber assembly plants in Leipzig, Germany, and its battery pack assembly plant and research facility in Dingolfing, Germany.”
RELATED: See photos of the i3
Here’s why GreenCarJournal thinks it might not be that simple. It cites “many developing countries don't remotely have the electric infrastructure to support adoption of either plug-in electric or hydrogen fuel-cell vehicles.”
Also, “While BMW's luxury products appeal to a country's most affluent buyers, the example of China shows that electric-car charging remains a massive challenge for wealthy buyers living in apartment buildings--the majority of the urban housing in that country. And hydrogen is far more challenging to distribute than gasoline or diesel, given the high compression required.”
Interesting idea, to say the least. But is it actually plausible? That remains to be seen.
Click Here to Read the Original Article on BoldRide