BMW has pledged to continue investing in combustion engine and hybrid technology as it warned of a “rollercoaster ride” in the US transition to electric vehicles following the return of Donald Trump as president.
Board member Jochen Goller said the group remained optimistic about sales of petrol and plug-in hybrids in the US even if demand for EVs slowed over the next few years on the back of policy changes under the new administration.
“I think it would be naive to believe that the move towards electrification is a one-way road. It will be a rollercoaster ride,” Goller, who is in charge of customer, brands, and sales, told the Financial Times at BMW’s headquarters in Munich.
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