BMW Group just released its sales numbers from 2023, and it was a very good year indeed. The automaker says it hit its target of 15% share of battery-electric vehicles – and expects to sell half a million BEVs in 2024.
Last year, BMW sold 375,183 BEVs, up 74.4% year-over-year, representing 14.7% of the total volume, which is close to its 15% target. Plug-in hybrids accounted for 190,303 units sold, down 13% year-over-year, with 7.4% market share. Together, BMW sold 566,486 BEVs and PHEVs, up 31% year-over-year, for a 22.2% market share. Fourth-quarter deliveries of fully electric BMW vehicles reached 113,458 units (+55.4%).
In total, BMW reported record sales of more than 2.5 million vehicles last year. The US saw the highest sales growth at 9.4% to nearly 396,000. China sales grew the slowest at 4.2% to 824,932.
In Europe, sales of BMW and Mini vehicles totaled 942,805 units for the full year 2023 (+7.5%).
The group’s Mini also saw a boost in the Mini BEVs, with the fully-electric Cooper SE selling 45,262 units, up just 3.5%. Fully electric vehicles now make up 15.3% of total Mini sales for the full year 2023.
Top sellers for the automaker’s higher-end vehicles were the BMW iX1 and i4, with the i4 M50 as the best-selling M car. Later this year, the first fully electric touring model will make its debut as part of the BMW 5 model series.
Data from InsideEVs also points out that BMW sold 326 units of the Rolls-Royce Spectre, at 22% share. The ultra-luxury $450,000 EV comes in a handful of models, with the Cullinan the most requested worldwide, followed by the Ghost.
Back in November, with the order books filled up for the first few months of this year, Reuters reports that BMW said it wouldn’t be cutting prices, despite rivals doing so to stay competitive. We’ll see how or if things change in the coming months.
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The IRS has updated the terms of the phase-out of the federal tax credit for electric vehicles to give buyers a little more time to secure the $7,500 tax credit.
Trump’s ‘Big Beautiful Bill’ set a deadline of September 30th to end the $7,500 tax credit for new electric vehicles and the $4,000 credit for used ones.
It looked clear that buyers needed to take delivery before the end of the day on September 30th in order to get the credit, but the IRS has now updated its website to give some leeway to buyers, dealers, and automakers.
The agency wrote in an update on its website:
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If a taxpayer acquires a vehicle by having a written binding contract in place and a payment made on or before September 30, 2025, then the taxpayer will be entitled to claim the credit when they place the vehicle in service (namely, when they take possession of the vehicle), even if the vehicle is placed in service after September 30, 2025.
If a buyer has a binding order, not a reservation, and has placed a deposit, they can claim the tax credit once they take delivery, even if it’s after September 30th.
Interestingly, the IRS doesn’t mention a time limit after September 30 to secure the tax credit if you have a deposit on a binding contract.
Electrek’s Take
The last time the tax credit was eliminated, there was at least a planned phase-out period. This time, it looked like it was going to be a clean cut, making it difficult for buyers, dealers, and automakers.
This should make things a little easier.
The end of the tax credit has pulled forward a ton of EV demand into Q3 and it will likely exhaust a lot of automakers’ and dealers’ EV inventory.
They are also all rushing to deliver new orders by September 30th, but now it appears that the tax credit money will still be available for those who lock in their orders by the end of the quarter.
Now, this could also open the door to some shenanigans as automakers could try to convert reservations on upcoming electric vehicles that deliver further down the line, but that would be a risky play.
Any buyers getting into those kind of deals should do it at their own risk.
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Another German automaker is scaling back EV plans will continue offering hybrid and ICE vehicles. The company claims that it’s still the first German brand to offer a fully electrified lineup.
German automaker Opel drops EV commitment plans
Opel is one of the many brands under the Stellantis Group, alongside Jeep, Ram, Peugeot, Citroën, Fiat, and several others.
Although it was one of the many automakers to commit to offering an all-electric lineup, it’s now backing off its promise.
During Stellantis’ EV Day in 2021, Opel announced its intention to transition to all-electric vehicles by 2028, accompanied by a slate of new models. Former CEO Michael Lohscheller, now chief executive at Polestar, said, “As of 2028, Opel will only offer electric cars in our core market Europe.”
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On Monday, the German auto giant abandoned its plans for an all-EV lineup, saying it will continue to focus on its current “multi-energy” strategy.
Opel is the first German auto brand to offer a fully electrified model for every vehicle in its lineup, including electric (EVs), plug-in (PHEVs), and even internal combustion engine (ICE) vehicles.
Opel Corsa Electric (Source: Stellantis)
In response to media reports claiming it has changed its strategy, the company said in a statement, “This does not have to be limited to 2028 if the demand side requires otherwise.”
Although the company will continue to focus on EVs in specific regions, like the UK, France, and Germany, it will also offer other powertrain options based on demand.
Opel Corsa Electric (Source: Stellantis)
Opel, alongside British sister company Vauxhall, is one of the top-selling brands in Europe. In Germany and the UK, Opel and Vauxhall ranked first in the ever-expanding B-hatch segment through the first half of the year.
The German auto giant becomes the latest brand to scale back EV plans or shift to hybrids, following Volvo, Volkswagen, Mercedes-Benz, Audi, BMW, and others.
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The electric trike world just got a new heavyweight contender. Puckipuppy’s latest release, the Rottweiler, looks like it was built to haul, climb, and cruise with equal confidence. And with full suspension as well as specs like these, it’s hard not to take notice.
At the heart of the Rottweiler e-trike is a 960W peak motor (750W “nominal”) paired with a torque sensor. That means smooth starts, steady hill climbs, and pedal assistance that feels like it’s working with you instead of for you. Of course, the included throttle allows riders to whip it around without pedaling if they prefer, but the torque sensor will hopefully remind owners that pedaling can be fun and a natural feeling too, especially when you’ve got an extra 960 watts of power helping you out.
The trike tops out at a modest 15 mph (25 km/h), keeping it relatively muted to avoid those high-speed tippy turns that trikes are notorious for. But even with the capped speed, it looks like the Rottweiler has plenty of raw hauling power to keep things fun.
The 48V 15Ah battery has 720 Wh of capacity and the company promises up to 55 miles (88 km) of range on a single charge, depending on how much weight you’re lugging around. And speaking of weight, this thing is no slouch. It’s rated for a payload capacity of 500 pounds (226 kg). That’s more than enough for hauling groceries, pets, or a load of gear down a bike path, all while keeping the SUV parked at home.
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Safety and convenience features also find a spot on the spec sheet. Integrated rear turn signals, hydraulic disc brakes, and even a parking brake make it feel more like a small utility vehicle than just an oversized e-bike. The thumb-operated reverse gear is another rare but welcome addition, letting you back out of a tight spot without doing the awkward trike shuffle. It’s rare to find an e-trike with a good (and easily accessible) reverse function, but it makes a big difference when trying to push the trike backwards on anything more than a tiny incline.
Other nice touches include a big 4.7-inch color LCD display, wild-looking butterfly handlebars for multiple riding positions, dual-beam headlights, a cushioned seat with backrest, and fat 20×4” tires that can roll over just about anything. Between those fat tires and the dual suspension setup, the trike should feel pretty darn comfortable over varied terrain.
I’m fearing how much this thing will weigh, if we ever get a chance to put one on a scale, but at least it’s packed to the brim with features!
Priced at $2,399, the Rottweiler is definitely not in the running for lowest-cost trike. There are plenty of others competing on price. This one looks like it’s trying to offer a lot more power, comfort, and features as a way to win over riders.
Electrek’s Take
While Puckipuppy isn’t quite the first dual suspension e-trike like they claim to be, there are still very few options on the market in this category, so it’s welcome news to see another full-suspension option.
The Rottweiler is interesting to me because it isn’t trying to be your fast-and-loose commuter; it’s clearly designed as a heavy-duty hauler for riders who want e-bike utility with a whole lot more stability. The 15 mph limit will feel slow to some, but for families, older riders, or anyone prioritizing cargo over thrills, this makes a lot of sense. With thoughtful design details like reverse, turn signals, and a 500-pound payload, it seems less like a bike and more like a mini pickup truck on three wheels.
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