BMW CEO Sees EV Growth Offsetting Lower Demand

The video discusses the automotive industry's growth prospects in 2023, focusing on BMW's order books, geographical growth drivers, and the electric vehicle (EV) market. Despite a volatile global market, BMW anticipates growth, particularly in EVs and premium segments. The company is optimistic about its performance in Europe, the USA, and China, with positive expectations for the latter part of the year. BMW is also confident in achieving positive margins in the EV sector, driven by higher volumes and economies of scale.

What is expected to sustain the company for the next few months according to the first section?

• Full order books

• Reduced competition

• New product launches

• Government subsidies

Which geographical area is expected to have a positive outlook towards the latter part of the year?

• Europe

• Australia

• United States

• China

What factor is contributing to the positive outlook for China and the rest of Asia?

• Recovery from COVID-19 restrictions

• Increased tourism

• Technological advancements

• New government policies

What is the expected share of EVs in BMW's complete volume this year?

• 25%

• 20%

• 15%

• 10%

How does BMW plan to achieve similar margins for EVs as for internal combustion engines?

• By increasing prices

• Through higher volumes and economies of scale

• Through government incentives

• By reducing production costs