Electric cars aren’t expected to be profitable at first, says Bmw CEO

Article by Christian A., on October 22, 2010

According to Bmw CEO Norbert Reithofer, the Bavarian manufacturer does not expect any profits when electric cars such as the MegaCity Vehicle (MCV), will be introduced.

Furthermore, the electric cars will be more expensive at the beginning, according to Reithofer, and the first profits are expected to come after the first product cycle.

The first electric car from Bmw is expected to come in 2013, and according to the manufacturer it will be produced at company’s factory found in Leipzig, Germany.

It will be built using carbon fiber composite, a material known for its strength, weight, but also due to the fact that it is extremely expensive. This is the reason that the material has been used in racecars and supercars until now.

The new MegaCity Vehicle will also use aluminum, and according to the manufacturer the combination of this material and carbon fiber will offset as much as 350 kilograms (772 pounds).

But don’t expect to be very light, as the battery and electronic components have a serious weight. Bmw decided to built its electric drivetrain as well as its battery, in order to differentiate itself from the competition. Reithofer said: "We won't give that up,” even if it's more expensive to do everything on its own. [via autonews - sub. required]

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Topics: electric car, bmw, ceo

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