By Cecilia Butini


Bayerische Motoren Werke AG said Tuesday that sales of electric vehicles in 2022 more than doubled compared with the previous year, although total yearly sales declined slightly on year.

The German car maker sold 215,755 fully-electric BMW and MINI vehicles in 2022, up 107.7% from 2021, though total sales declined 4.8% on year to 2.4 million units, it said.

The first half was particularly affected by supply bottlenecks, lockdowns in China and the war in Ukraine, but sales picked up in the second half, BMW said.

Sales in China declined 6.4% on year, though they picked up in the fourth quarter and increased 12.7%, BMW said. Similar trends took place in Europe and the U.S., according to the company.

Looking ahead, the company said it expects to maintain profitable growth in 2023 and will focus on continuing to ramp up electromobility. BMW set a goal for the year ahead for 15% of total sales to come from electric vehicles, it said.


Write to Cecilia Butini at cecilia.butini@wsj.com


(END) Dow Jones Newswires

01-10-23 0323ET