Scheduled for release in 2021, Munich-based BMW showcased its “i4” electric concept car, offering drivers a credible alternative to Tesla. The new model boasted a sleek silhouette and mammoth front grille in which it provides a range of 600 kilometers (370 miles) measured under the European Union’s WLTP standard.
“This kind of car, a sporty BMW sedan, does not exist with electric power on the market today,” said chief executive Oliver Zipse in a telephone conference.
Executives said the i4 will be lucrative despite not always a given in the low-margin battery-powered car business. It is one of a slew of electric models planned for the coming years as car manufacturers seek to avoid tighter EU carbon emissions limits, which bear big fines.
“We already have half a million BMW electric cars on the roads and we want to double that number by the end of the year,” shared Zipse.