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BMW - serious EV contender X1 and 5 series

XETR:BMW   BAY.MOTOREN WERKE AG ST
BMW said it will offer the all-electric versions of X1 compact SUV and the 5 Series as part of the German automaker's plans to have 25 electrified models in its portfolio by 2023.

BMW didn't say exactly when an all-electric X1 or 5 Series might be available (TechCrunch reached out and will update if we get an answer). The all-electric drive train will be one of four options to buyers of the BMW X1 and BMW 5 Series vehicles. The sedan and SUV are also available as a plug-in hybrid, as well as diesel or gas with 48-volt mild hybrid technology.

The two vehicles are the latest to join BMW's expanding electrified portfolio. Earlier this year, the automaker said its flagship 7 series sedan would also be offered with an all-electric drive train.

BMW has said that half of the 25 "electrified" models slated to be on roads by 2023 will be fully electric. The term electrified can also mean a hybrid and plug-in hybrid. The company's longer-term goal is to have more than 7 million electrified BMW Group vehicles on the road by 2030. BMW has said it wants two-thirds of those to have a fully-electric drive train.

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