BMW will expand the 4 Series and 7 Series lineups with electrified variants for the 2024 model year.
The German luxury automaker is ramping up its portfolio of electric models as it takes the fight to Tesla and races to meet tightening emissions regulations in major markets.
By 2025, BMW says, one-fourth of its global sales will be all-electric, increasing to one-third by 2026. Last year, BMW sold 15,584 fully electric vehicles in the U.S., accounting for 4.7 percent of total sales.
In the third quarter, BMW will introduce an all-wheel-drive variant of the i4 battery-powered compact sedan. The 2024 i4 xDrive40 will start at $62,595 including shipping.