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Citing EV 'Rollercoaster' In US, BMW Invests In Internal Combustion
An anonymous reader quotes a report from the Financial Times: BMW has pledged to continue investing in combustion engine and hybrid technology as it warned of a "rollercoaster ride" in the US transition to electric vehicles following the return of Donald Trump as president. Board member Jochen Golle...
An anonymous reader quotes a report from the Financial Times: BMW has pledged to continue investing in combustion engine and hybrid technology as it warned of a "rollercoaster ride" in the US transition to electric vehicles following the return of Donald Trump as president. Board member Jochen Goller said the group remained optimistic about sales of petrol and plug-in hybrids in the US even if demand for EVs slowed over the next few years on the back of policy changes under the new administration. Analysts note that while the company still sees China as a growing market, pricing pressures and an overcrowded automotive sector pose ongoing risks to BMW's long-term positioning.
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