MUNICH — BMW's strategy of making its vehicle architecture more flexible is paying off — even more than it expected.
Thanks to the automaker's new modular Fifth Generation Architecture, as the company calls it, BMW said it will be able to have 25 electrified models on the road by 2023 — two years earlier than it previously planned.
The modular approach relies on just two versions of the architecture, allowing it to be adapted to full-electric, plug-in hybrid and combustion-engine drivetrains, the automaker said.
As a result, BMW has been able to respond faster to changing conditions, the company said.
More than half of the 25 models will be full electric, BMW said.
"We are moving up a gear in the transformation toward sustainable mobility," BMW CEO Harald Krüger said in a statement. "By 2021, we will have doubled our sales of electrified vehicles [battery-electric and plug-in hybrid] compared with 2019."
BMW expects to see a steep growth curve toward 2025, Krüger said, with sales of EVs increasing by an average of 30 percent every year.
Last year, BMW Group increased sales of electrified vehicles 38 percent to a combined 142,617 BMWs and Minis.
The company expects to reach an overall total of half a million sales of electrified cars by the end of this year.
Since the launch of the i3 in 2013, BMW has sold more than 150,000 units of the so-called "born electric" compact.