Climate Policy Engagement: BMW receives a grade of D+ in InfluenceMap’s assessment of corporate engagement on climate policy, indicating misalignment with policy to deliver the Paris Agreement.
Forecasted 2030 Production: 69% of BMW's light-duty vehicle production in 2030 is forecast to be electric vehicles (62% battery electric vehicles (BEVs), 7% plug-in hybrids, and 0% fuel cell electric vehicles (FCEV)). This compares positively to the IEA’s 1.5°C scenario, which estimates that 66% of all car and van sales must be electric (BEV, PHEV or FCEV) by 2030 to meet a 1.5°C global temperature goal.
Climate Lobbying Overview: BMW appears to have strategic and mostly negative engagement on climate regulation in 2022-24. While the company has increasingly positive top-line statements on climate, it has opposed policies to phase out ICE-powered vehicles in the EU, UK and US including opposing an EU 2035 zero-emissions CO2 target for cars and vans and the US federal light-duty GHG emissions standards and corporate fuel economy standards.
The full climate policy engagement profile of BMW is available here.
Internal decarbonization targets: BMW has set a target of producing approximately ten million electric vehicles by 2030, and stated that the share of electric vehicle sales may exceed 30% by 2025. BMW has set three CO2 reduction targets for the year 2030: reducing its CO2 emissions per vehicle in production by 80% (scope 1 and 2); at least a 50% reduction in CO2 emissions per kilometer driven, and at least a 20% reduction in CO2 emissions in the company's supply chain (all 2019 baseline).
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BMW's forecasted fleet composition by technology: The IEA determined in its 2023 1.5C road transport scenario that 66% of all light-duty vehicle sales must be electric (battery electric vehicles, fuel cell electric vehicles and plug in hybrids) by 2030 to meet the Paris Agreement’s 1.5°C goal. Globally, BMW’s 2030 forecast production is aligned with the IEA’s scenario. In 2030, BMW is forecast to produce 69% electric vehicles (62% BEVs, 7% PHEVs and 0% FCEV), 31% ICE-powered hybrids and 0% combustion engine.
BMW's forecasted vehicle size: Larger vehicles are a significant cause of increased GHG emissions from road transport, with smaller vehicles across different technologies generally producing fewer emissions. BMW’s 2023 combined percentage proportion of SUVs and light commercial vehicles is approximately 47%, however this proportion is projected to increase to 49% through 2030.
BMW's electric vehicle production compared: 69% of BMW’s vehicles produced in 2030 are forecast to be electric (battery electric vehicles, plug-in hybrids or fuel cell electric vehicles), compared to an average of 53% for all automakers.
