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BMW has crossed the “tipping point” as the automaker shifts from gas-powered vehicles to EVs. According to BMW’s CFO, from here on out, most of its growth will come from electric vehicles.

After nearly doubling (+74%) EV sales last year with over 375,000 electric models sold, BMW doesn’t see the growth slowing.

In the fourth quarter, BMW saw demand pick up with 129,316 EVs handed over, up 47.7% year-over-year (YOY). With that, BMW’s EVs accounted for 15% of total sales last year, hitting its target.

BMW brand EVs were in high demand, with over 330,500 models delivered last year. The BMW iX1 and BMW i4 were the top sales drivers. Meanwhile, with the launch of the i5 last year, BMW now has an all-electric option in each of its main segments.

The fully electric BMW i4 M50 remained the top-selling BMW M car for the second straight year.

Jochen Goller, BMW board member, said the brand expects “to sell more than half a million fully-electric vehicles in 2024.”

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BMW i5 production (Source: BMW)

The automaker announced a $711 million (€650 million) investment earlier this month to prepare its main factory in Munich to go all-electric by the end of 2027. It will be BMW’s first existing plant in its production network to be converted for all-electric models.

BMW says tipping point toward EVs already happened

“The tipping point for combustion engines was last year,” BMW’s CFO Walter Mertl explained to the media Monday.

According to the financial leader, BMW’s order books are well-filled as it aims to sell 500,000 EVs this year.

BMW-tipping-point-EVs
2023 BMW i4 eDrive35 (Source: BMW)

“Future growth will primarily come from battery electric vehicles,” Mertl said. Despite several automakers, including Ford and GM, scaling back EV investments, Mertl believes “The current sales plateau of combustion cars will continue and then fall off slightly.”

BMW aims for a third of its vehicle sales to be electric by 2026. The automaker revealed its next-gen (Neue Klass) EVs last September, giving us a glimpse into the brand’s future tech.

BMW-Vision-Neue-Klasse
BMW CEO Oliver Zipse next to Vision Neue Klasse concept (Source: BMW)

BMW’s Neue Klass vehicles will feature “30% more range, 30% faster charging, and a 25% over improvement in efficiency.” The vehicles are set to debut in 2025.

CEO Oliver Zipse said BMW plans to launch six Neue Klass EVs within two years: “From SUV to Sedan, there is something for every customer.”

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BMW Neue Klasse electric SUV (Source: BMW)

BMW teased a first look at the electric SUV during a video presentation. Despite its camouflage you can see the EV’s aerodynamic design and signature BMW elements.

The next-gen electric SUV will follow a production version of the Vision Neue Klasse revealed at IAA. BMW plans to begin rolling out its next-gen EVs in 2025.

Source: Bloomberg

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Stellantis reveals stylish, affordable, capable EV – why can’t the US have it?

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Stellantis reveals stylish, affordable, capable EV – why can't the US have it?

Chrysler parent company Stellantis is sinking billions on electric Jeeps and Chargers that no one wants, but the they’ve developed market-leading EVs in Europe, and this latest, £36,995 DS Automobiles No4 is exactly the sort of electric crossover that could rejuvenate the brand’s American prospects. The only question now is: why won’t they bring it here?

Both the Dodge and Jeep-branded Stellantis EVs are being offered with huge discounts in a bid to generate some kind of market interest, but the company’s American product and marketing teams seem to be deeply confused about what the market actually wants. Over in Europe, though, Stellantis’ EVs are hot sellers – and this latest five-passenger crossover from the company is expected to steal even more sales from the Model Y.

The new all-electric No4 E-Tense model from Stellantis’ French brand DS Automobiles will be offered at three trim levels starting with the Pallas at £36,995 (approx. $48K US), rising to £39,160 for the Pallas+ and topping out at £41,860 (approx. $56K US, before incentives get applied) for the range-topping Etoile. 

All three trims use a front-mounted electric motor rated at 213 hp, drawing from a 58.3‑kWh battery pack. That setup delivers up to 280 miles on the WLTP cycle (about 240 miles by EPA estimates). That feels like a lot of miles from a relatively small battery, aided no doubt by the DS No4’s aerodynamic. Inside the No4’s sculpted flanks is enough room for five adults and a bunch of their stuff, as well as an incredibly sexy dash and infotainment layout that (in the official press photos, at least) seems positively slathered in Alcantara (think “vegan suede”).

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With 120 kW fast charging capabilities, the No4’s battery pack can replenish from 20 to 80 percent in under 30 minutes. Thanks to built‑in V2L/V2X tech, the No4 can also supply power back to external devices.

Electrek’s Take


I think it would be a hit. As for why the marketing gurus at whatever’s left of the old Chrysler corporation seem to think an electric muscle car that no one asked for or a Dodge-branded Alfa Romeo that no one will ever ask for is a better use of their marketing dollars – that’s simply beyond me.

Maybe you guys know? Check out these photos of the new DS No4, then scroll on down to the comments and let us know what you think of Stellantis’ US product plans, and whether or not they messed up canceling the Airflow after all.

SOURCE | IMAGES: DS Automobiles.


If you’re considering going solar, it’s always a good idea to get quotes from a few installers. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them. 

Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.

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These 3 August EV price drops are up to $150/month, but hurry!

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These 3 August EV price drops are up to 0/month, but hurry!

The clock is running out on some of the best EV lease deals of the year. With the 25% tariff on imported EVs already hitting and the federal tax credit set to vanish after September 30, automakers are dangling some serious end-of-the-month offers. If you’ve been waiting to go electric, now’s the time. CarsDirect spotted three August EV price drops worth a look, but you’ll need to move fast, because these deals won’t last past the holiday weekend.

2025 Mercedes EQE SUV: $62 per month price drop

Mercedes is sweetening the pot on its EQE SUV as it works to move inventory. The 2025 Mercedes-Benz EQE 350+ SUV can now be leased for $629 a month for 36 months with $7,923 due at signing. That works out to an effective $849 a month – a $62 drop from previous deals. For a nearly $80,000 luxury EV, that’s not a bad offer.

But timing is key. The federal EV tax credit disappears next month, and Mercedes is set to pause US EV orders on September 1, which could make finding the right model tougher. Current incentives run through September 2, so if you’ve been eyeing an EQE, lock one in now before the market shifts.

Click here for a local dealer with the Mercedes-Benz EQE 350+ SUV in stock.–trusted affiliate link

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Click here to find a local dealer with the Mercedes EQE SUV in stock.–trusted affiliate link

2025 Volkswagen ID. Buzz: $90 per month price drop

As of August 22, the 2025 Volkswagen ID. Buzz picked up a hidden $3,000 Dealer Lease Bonus – that is, dealer cash that only shows up if you lease.

That incentive knocks the Pro S trim down to $589 a month for 36 months with $5,999 due at signing. Do the math, and that’s $756 a month effective cost – a $90 drop from the earlier $846 offer. With $10,500 in total savings, this is the best deal yet on the ID. Buzz and one of the standout Labor Day EV lease offers.

Click here for a local dealer with the Volkswagen ID. Buzz in stock.–trusted affiliate link

Hyundai-IONIQ-5-N-lease

2025 Hyundai IONIQ 5 N: $150 per month price drop

Hyundai just slashed the price on its most powerful EV yet. The 2025 IONIQ 5 N can now be leased for $549 a month for 36 months with $3,999 due at signing (10,000 miles a year). That works out to an effective $660 a month – a huge $150 drop from July.

For a track-ready performance car, that’s a steal. And unlike most performance machines, the IONIQ 5 N doesn’t guzzle gas – you can just plug it in overnight at home. Current offers run through September 2.

Click here for a local dealer with the IONIQ 5 N in stock.–trusted affiliate link

Read more: From $129 a month: 5 of the best EV lease deals in August


The 30% federal solar tax credit is ending this year. If you’ve ever considered going solar, now’s the time to act. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them. 

Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.

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Terberg heavy duty electric yard truck gets to work in the UK

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Terberg heavy duty electric yard truck gets to work in the UK

UK delivery firm DPD is putting one of Terberg’s heavy-duty electric yard tractors to the test at its giant, Oldbury, UK logistics hub – and its findings will help DPD shape a cleaner, more sustainable fleet strategy for the future.

DPD operates a fleet of over 50 yard hostlers (or “tugs” in the UK) to perform all trailer movements across its five sorting hubs in Oldbury, Smethwick, and Hinckley. Currently, those yards are serviced by a fleet of diesel tractors – but the company is interested in decarbonizing and “keen” to understand how EVs could be deployed across the fleet in the longer term.

“Tugs are the lifeblood of our hub operation, performing all trailer movements efficiently and safely across the five sites,” says Tim Jones, Director of Marketing, Communications, and Sustainability at DPD UK.

To that end, the company has deployed a Royal Terberg YT203-EV fitted with a pair of 78 kWh batteries, but it can be spec’ed up to 236 kWh and an almost unbelievable 105 tonne GCVWR. Even with “just” 156 kWh, the Terberg is able to work nearly a full 24 hours between charging – capability that is on par with diesel. At least.

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“Terberg DTS are proud to be able to assist DPD on the way to Net Zero (emissions) and it was great to be able to work with DPD’s drivers and demonstrate what the YT203-EV can do in their own yard,” explains Peter Giles, Head of UK Logistics Sales at Terberg DTS. “Their aim is to be one of the leaders in the march to a more sustainable fleet future and they have already amassed a lot of knowledge and experience working with EVs. We know just how versatile and effective the vehicle is, but every operation is slightly different and working on-site with their own drivers means DPD can get really meaningful feedback from those who know the job better than anyone.”

Several operators will be trying out the YT203-EV across different shifts and operations to get feedback. So far, however, they seem hyped. “The electric tug (performs) incredibly well,” adds Jones. “Our drivers were really impressed, especially with the ease of use and driver comfort.”

Electrek’s Take


Terberg terminal tractor; via DPD.

Whether it’s Terberg, Tico, or Orange EV, terminal tractors are an ideal application for electrification, and companies like DHL have spent more than a decade proving that out. And now that DPD is giving these HDEVs a chance, expect to see a whole lot more of them getting deployed soon.

SOURCE | IMAGES: DPD UK.


If you’re considering going solar, it’s always a good idea to get quotes from a few installers. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them. 

Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.

FTC: We use income earning auto affiliate links. More.

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