BMW executive and board member Klaus Fröhlich told reporters this week that the shift to cars powered by electricity is “overhyped,” and said that there is “no” consumer demand for them. Curiously, Fröhlich made these comments at an event where BMW proudly announced it will accelerate plans to release 25 cars that are partially or fully electric, moving the timeline up two years from 2025 to 2023.
Fröhlich said all-electric vehicles “cost more in terms of raw materials for batteries” than gas or hybrid cars, and added that those prices “could eventually worsen as demand for these raw materials increases.” He also claimed that, broadly, there are “regulator requests for [all-electric vehicles], but no customer requests.” Fröhlich said…
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