A major car brand, identified as BMW, has announced a significant shift in its business strategy, indicating that the demand for petrol vehicles has peaked and is now giving way to electric vehicles (EVs) as sales heat up. BMW's Chief Financial Officer (CFO) stated that the company has reached a 'tipping point' in the transition from gas-powered cars to EVs, expecting most of its future growth to come from its electric vehicle lineup. Furthermore, BMW is also looking beyond EVs, praising hydrogen fuel cells as the 'next phase' in automotive power sources, signaling a potential move towards mass producing hydrogen cars.
Once BMW starts mass producing their hydrogen cars it’s joever for Chinese EVs https://t.co/IcB6YhJm4j
“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.” https://t.co/WCvL2lrrwE
Major car brand praises hydrogen fuel cells as the 'next phase' after electric vehicle boom https://t.co/NeVSOBrUno
BMW declares 'tipping point' in shift from gas-powered cars to EVs as sales heat up https://t.co/0RoeWwUwue by @EVPeteJohnson
Major car brand says demand for petrol vehicles has peaked as drivers make switch to EVs https://t.co/fM7vkt3QGl