BMW to phase out combustion engines by 2025 says report
Are you ready for a gas guzzling free high street? The death of the combustion engine may be upon us within ten years, says a new report.
According to Baron Funds, a leading international investment firm, German car-maker BMW will look to phase out the internal combustion engine within the next decade, favouring electric cars instead.BMW has already made big steps in electric, with its i8 supercar and its city runaround, the i3 on sale in the UK. But the report suggests the car-maker will replace petrol power altogether by 2025.
"While many car companies doubt electric cars will ultimately represent a large portion of new car sales," says the report, "BMW is not one of those companies."
"The BMW financial team believes a revolution in drive train is underway. We believe that BMW will likely phase out internal combustion engines over the next 10 years!"
As of September this year, there are 17,450 plug-in electric vehicles registered the UK, alongside 5,000 public charging points, according to Next Green Car. The government has also made a push for electric cars to be a permanent fixture on UK roads, spending £400million on infrastructure and charging points.
However, with oil prices dropping, the cost of petrol is set to decline over the next few months. Will that slow the electric revolution?
By Matt Hussey