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Old 16th March 2023, 15:33   #1
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BMW to continue investing in petrol & diesel engines into the next decade

While most automakers have announced a deadline for their combustion engines, BMW is said to be an exception. According to reports, the German luxury carmaker has steered clear of any such announcements and instead has gone on to state that it will continue offering IC engine-powered models well into the future.

BMW to continue investing in petrol & diesel engines into the next decade-bmwxm1.jpg

Reports state that BMW will continue investing in its current crop of internal combustion engines well into the new decade. While BMW is aiming to increase its EV numbers, it wants 50% of its total sales to come from ICE cars in 2030.

The carmaker currently has the B48 4-cylinder, B58 in-line 6-cylinder and the S68 V8. Of these, the S68 V8 was introduced just last year, replacing the N63 V8 unit; while the B58 unit also got an update via a 48V mild hybrid system. However, it's not just petrol engines, the carmaker will be updating & selling its diesel engines as well.

One of the main reasons for BMW's ICE push is the huge popularity and profitability of its combustion engine-powered SUVs in markets like the USA and China. BMW will be introducing new generations of its X5, X6 and X7 models on a flexible platform, which is capable of supporting both ICE and EV powertrains. The engines though will no longer be built in Munich, Germany, which will shift to manufacturing BMW's EV powertrain. The production of BMW's petrol and diesel engines will shift to Austria, the UK & China.

BMW seems confident that its electric vehicles and combustion cars can co-exist for a longer period. The company is also heavily investing in EVs, with a "Neue Klasse" platform for EVs scheduled to debut in 2026.

Source: TheDrive

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Last edited by RahulNagaraj : 16th March 2023 at 15:37.
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Old 16th March 2023, 16:27   #2
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Re: BMW to continue investing in petrol & diesel engines into the next decade

Best thing I've read all day .

However, by the principle of supply and demand, as EVs become more widely adopted, these dino-juice burning cars will become more exclusive (and expensive). I can imagine a day 50 years from now where a small petrol powered SUV turns more heads than an electric hyper-car.
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Old 17th March 2023, 13:05   #3
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Re: BMW to continue investing in petrol & diesel engines into the next decade

Hope so , such sensibility prevails to all manufacturers. Rest all of them just pushing electronic shits to the crowds. There is a myth that electric cars are carbon neutral. Both electric and ICE powered vehicle are not carbon neutral. Production of electric cars itself is not a clean process , lithium mining just an is such an threat to clean waters around the globe.
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Old 18th March 2023, 17:33   #4
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Re: BMW to continue investing in petrol & diesel engines into the next decade

Electric cars make sense to the customer, when the emissions norms have made ICE expensive, or where there are ICE bans.

Everywhere else, can’t see why ICE won’t make economic sense to a customer.
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Old 18th March 2023, 19:33   #5
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Re: BMW to continue investing in petrol & diesel engines into the next decade

Quote:
Originally Posted by McLaren_P1 View Post
Everywhere else, can’t see why ICE won’t make economic sense to a customer.
VW just showcased ID2all, which will come to market in 2 years, basically it is an electric Polo. This car will be more spacious & faster than an ICE Polo and costs €25K which is same as the starting price of an automatic ICE Polo in Germany.

If the running costs of an EV is 3x cheaper than an ICE car than who do you think will buy an ICE POLO after 2025(except few crazy ICE enthusiasts).

I was reading an article recently where it says that oil companies stopped oil exploration and distributing their profits as dividends, as they are not sure about the future. Within 5 years as money is not spent on oil exploration the prices of petrol will increase by atleast 50%, which translates to 1 litre petrol at 160₹.

By 2030, ICE cars cannot compete with EVs in any department, I am not sure about BMWs future by then. BTW, there are many EVs in China which costs as much as an ICE equivalent car.

Last edited by SKC-auto : 18th March 2023 at 19:40.
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Old 18th March 2023, 20:43   #6
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Re: BMW to continue investing in petrol & diesel engines into the next decade

It is a very logical step being taken by BMW and needs to be emulated by all car makers.

The decrease in demand for ICE vehicles needs to be organic and EV's should not be forced down the throats of potential buyers. Everyone knows that renewable energy powered vehicles, not necessarily EV's will take over the mantle from ICE vehicles sooner or later.

Like, when the gasoline powered motor cars first appeared on roads during the early part of the 20th century, there were no diktats to banish the existing horse drawn carriages from streets in countries. Motor cars organically took over and the transition was hassle free.
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Old 19th March 2023, 00:57   #7
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Re: BMW to continue investing in petrol & diesel engines into the next decade

Quote:
Originally Posted by SKC-auto View Post
VW just showcased ID2all, which will come to market in 2 years, basically it is an electric Polo. This car will be more spacious & faster than an ICE Polo and costs Ä25K which is same as the starting price of an automatic ICE Polo in Germany.

If the running costs of an EV is 3x cheaper than an ICE car than who do you think will buy an ICE POLO after 2025(except few crazy ICE enthusiasts).

I was reading an article recently where it says that oil companies stopped oil exploration and distributing their profits as dividends, as they are not sure about the future. Within 5 years as money is not spent on oil exploration the prices of petrol will increase by atleast 50%, which translates to 1 litre petrol at 160₹.

By 2030, ICE cars cannot compete with EVs in any department, I am not sure about BMWs future by then. BTW, there are many EVs in China which costs as much as an ICE equivalent car.
Iím not sure the price of oil will increase all that much - the existing oil reserves are enough for decades, even without further exploration.

The challenge with EVs is the high battery cost that increases up-front purchase cost. Itís not a surprise that most EVs are expensive. You may be right that the ID2all is a sign of a new wave of affordable EVs, but Iím not so sure yet. Most OEMs donít have an affordable EV offering - even Tesla, which often spoke of getting EVs to the masses isnít with one.
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