BMW's Mini brand will go all-electric from 2030 as the automaker intensifies its transition to battery-powered vehicles, according to people familiar with the matter.
The iconic British brand will roll out its last combustion-engine variant in 2025, and around half of all Mini sales should be electric by 2027, one of the people said, declining to be named discussing confidential information.
Mini will only produce battery-electric vehicles from 2030, the people said.
BMW CEO Officer Oliver Zipse is set to announce the plan alongside its annual report on March 17, the person said.
A spokesman for BMW declined to comment.
Mini follows brands including Ford of Europe, Bentley, Jaguar and Volvo in unveiling plans to fully electrify their offerings. Soaring valuations achieved by EV-only companies led by Tesla and ever-more stringent emissions regulations have accelerated the worldwide shift to electric vehicles.
Mini's decision to go all-electric likely will appeal to its customer base in urban areas where combustion-engine vehicles have been targeted for restrictions or outright bans. The decision comes as BMW seeks to counter Tesla’s success with models such as the full-electric iX utility vehicle and i4 sedan that go on sale this year.
BMW makes Minis at its Oxford plant in the UK, where it also has an engine plant, as well as in the Netherlands and in Germany.
The company plans to produce Minis in China with joint-venture partner Great Wall from 2023.