BMW is one of the most progressive major auto maker in the world today. This news is not news at all and was in line with previous announcements on BMW i-series, which is the only current BMW line up that contains fully electric vehicles. Mass making electric vehicles at the same being profitable is HARD given the current technology status quo, yet crucial for any auto maker want to be in the game long term.
By 2025, BMW fleet will almost all(25 models) be electrified, and half of them (12) will be BEV (battery eletric, aka fully eletric.) This is the company that's determined to be ALL-IN on electrification on their cars. The current i-series are just too damn expansive to make (carbon-fiber unibody etc.) and not sharing many parts to the existing BMW line ups, which cost it much higher to make. So until the iNEXT platform is ready, they aren't going to mass produce EVs. [1]
By 2025, BMW fleet will almost all(25 models) be electrified, and half of them (12) will be BEV (battery eletric, aka fully eletric.) This is the company that's determined to be ALL-IN on electrification on their cars. The current i-series are just too damn expansive to make (carbon-fiber unibody etc.) and not sharing many parts to the existing BMW line ups, which cost it much higher to make. So until the iNEXT platform is ready, they aren't going to mass produce EVs. [1]
[1]: https://www.cnet.com/roadshow/news/bmw-bets-big-on-solid-sta...